Scor (OTCMKTS:SCRYY) Shares Gap Down - Here's Why

Shares of Scor SE (OTCMKTS:SCRYY - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $3.30, but opened at $3.19. Scor shares last traded at $3.35, with a volume of 7,840 shares traded.

Analyst Upgrades and Downgrades

SCRYY has been the subject of several research reports. UBS Group downgraded shares of Scor from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 31st. The Goldman Sachs Group upgraded shares of Scor to a "strong-buy" rating in a research report on Monday, March 24th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Scor presently has an average rating of "Buy".

Scor Stock Performance

The business's 50 day simple moving average is $3.28 and its two-hundred day simple moving average is $2.92.

Scor (OTCMKTS:SCRYY - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.04. The company had revenue of $5.58 billion for the quarter, compared to analyst estimates of $4.69 billion. Scor had a negative net margin of 0.01% and a negative return on equity of 0.09%. On average, sell-side analysts expect that Scor SE will post -0.01 EPS for the current year.

Scor Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, May 21st. Stockholders of record on Friday, May 2nd were issued a dividend of $0.1375 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a dividend yield of 4.32%.

Scor Company Profile

SCOR SE, together with its subsidiaries, provides life and non-life reinsurance products in Europe, the Middle East, Africa, the Americas, Latin America, and Asia Pacific. It operates in two segments, SCOR P&C and SCOR L&H. The SCOR P&C segment offers reinsurance products in the areas of property, motors, casualty treaties, credit and surety, decennial insurance, aviation, marine and energy, engineering, agricultural risks, and property catastrophes; specialties insurance products, including business solutions, political and credit risks, cyber, and environmental liability; and business ventures and partnerships.