Scor (OTCMKTS:SCRYY) Stock Price Down 4.5% - Here's What Happened

Key Points

• Scor SE's shares fell by 4.5%, trading at $3.22, with a notable decrease in trading volume of 98% from the average.
• The company reported $0.14 EPS for the last quarter, exceeding the expected $0.11, along with a revenue of $5.35 billion against a $5.27 billion forecast.
• Scor SE has a market cap of $5.78 billion and operates in both life and non-life reinsurance products across multiple global regions.

Scor SE (OTCMKTS:SCRYY - Get Free Report)'s stock price was down 4.5% during trading on Wednesday . The company traded as low as $3.22 and last traded at $3.22. Approximately 638 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 27,330 shares. The stock had previously closed at $3.37.

Scor Price Performance

The company's 50 day simple moving average is $3.34 and its 200 day simple moving average is $3.16. The stock has a market cap of $6.14 billion, a P/E ratio of 10.36 and a beta of 0.83.

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