Scor (OTCMKTS:SCRYY) Shares Gap Up - Here's What Happened

Key Points

• Scor SE shares gapped up before market opening, rising from $3.40 to $3.56, and last traded at $3.46 with a trading volume of 4,271 shares.
• Analyst ratings reflect a consensus of "Moderate Buy", with one analyst issuing a Strong Buy and others giving Buy and Hold ratings.
• Scor SE reported earnings exceeding expectations, with earnings per share of $0.14 and revenue of $5.35 billion for the last quarter.

Shares of Scor SE (OTCMKTS:SCRYY - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $3.40, but opened at $3.56. Scor shares last traded at $3.46, with a volume of 4,271 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Morgan Stanley reissued an "overweight" rating on shares of Scor in a report on Monday. Royal Bank Of Canada reissued an "outperform" rating on shares of Scor in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Scor has a consensus rating of "Moderate Buy".

Scor Price Performance

The company has a market capitalization of $6.23 billion, a PE ratio of 10.52 and a beta of 0.87. The company's fifty day moving average is $3.38 and its 200-day moving average is $3.24.

Scor (OTCMKTS:SCRYY - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. The firm had revenue of $5.35 billion during the quarter, compared to analysts' expectations of $5.27 billion. Scor had a return on equity of 11.92% and a net margin of 3.41%. Equities research analysts forecast that Scor SE will post -0.01 EPS for the current fiscal year.

About Scor

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.