Scor (OTCMKTS:SCRYY) Shares Gap Down - What's Next?

Key Points

• Shares gapped down pre-market from $3.54 to $3.24 and were last trading around $3.48, about 2.8% lower with low intraday volume (~4,920 shares).
• Analyst views shifted: Goldman Sachs downgraded SCRYY from "strong-buy" to "hold" while BNP Paribas Exane upgraded it to "outperform," leaving an overall average rating of Moderate Buy.
• Scor reported Q earnings of $0.14 vs. $0.13 expected and revenue of $5.28B (well above estimates), though analysts expect Scor to post about -$0.01 EPS for the current fiscal year.

Scor SE (OTCMKTS:SCRYY - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $3.54, but opened at $3.24. Scor shares last traded at $3.48, with a volume of 4,920 shares changing hands.

Analyst Ratings Changes

A number of research firms have weighed in on SCRYY. The Goldman Sachs Group cut shares of Scor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 21st. BNP Paribas Exane upgraded shares of Scor from a "neutral" rating to an "outperform" rating in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Scor currently has an average rating of "Moderate Buy".

Scor Trading Down 2.8%

The business has a 50-day moving average price of $3.40 and a 200-day moving average price of $3.34. The firm has a market cap of $6.18 billion, a P/E ratio of 6.37 and a beta of 0.55.

Scor (OTCMKTS:SCRYY - Get Free Report) last released its quarterly earnings data on Wednesday, March 4th. The financial services provider reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.01. Scor had a net margin of 5.55% and a return on equity of 20.42%. The company had revenue of $5.28 billion during the quarter, compared to analyst estimates of $3.83 billion. On average, equities analysts anticipate that Scor SE will post -0.01 earnings per share for the current fiscal year.

Scor Company Profile

SCOR SE, trading over-the-counter as SCRYY, is a leading global reinsurer headquartered in Paris, France. Founded in 1970, the company specializes in providing property & casualty and life & health reinsurance solutions to insurance companies worldwide. By pooling and diversifying risk, SCOR enables its clients to underwrite larger exposures, stabilize loss experience and safeguard their balance sheets against extreme events.

The company's main business activities encompass risk underwriting, claims management and portfolio solutions designed to address evolving market needs.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.