Scor (OTCMKTS:SCRYY) Stock Price Up 0.7% - Here's What Happened

Key Points

• Scor SE shares increased by 0.7% to trade at $3.37, despite a significant decline in trading volume by 45% compared to the average session volume.
• In its last quarterly earnings, Scor reported $0.14 EPS, exceeding analysts' expectations and generating a revenue of $5.35 billion for the quarter.
• The company holds a market cap of $6.05 billion and has a price-to-earnings ratio of 10.21, indicating a notable position within the reinsurance sector.

Shares of Scor SE (OTCMKTS:SCRYY - Get Free Report) were up 0.7% during mid-day trading on Tuesday . The company traded as high as $3.37 and last traded at $3.37. Approximately 8,507 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 15,538 shares. The stock had previously closed at $3.35.

Scor Stock Performance

The company has a market cap of $6.14 billion, a price-to-earnings ratio of 10.36 and a beta of 0.83. The business's 50 day moving average price is $3.34 and its 200-day moving average price is $3.16.

Scor (OTCMKTS:SCRYY - Get Free Report) last posted its earnings results on Thursday, July 31st. The financial services provider reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. Scor had a net margin of 3.41% and a return on equity of 11.92%. The business had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.27 billion. On average, equities research analysts expect that Scor SE will post -0.01 earnings per share for the current fiscal year.

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.