Scor (OTCMKTS:SCRYY) Trading Down 6.5% – Here’s Why

Scor SE (OTCMKTS:SCRYY)’s stock price dropped 6.5% during mid-day trading on Wednesday . The company traded as low as $3.87 and last traded at $3.87. 1,376 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 9,044 shares. The stock had previously closed at $4.14.

Analyst Upgrades and Downgrades

SCRYY has been the topic of several analyst reports. BNP Paribas Exane downgraded shares of Scor from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 17th. UBS Group cut Scor from a “hold” rating to a “sell” rating in a research report on Tuesday, August 18th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Scor Price Performance

The company has a market cap of $6.94 billion, a price-to-earnings ratio of 7.17 and a beta of 0.57. The firm has a fifty day simple moving average of $3.93 and a 200 day simple moving average of $3.74.

Scor (OTCMKTS:SCRYY) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.25 billion. Scor had a net margin of 5.50% and a return on equity of 19.18%. Analysts expect that Scor SE will post 0.49 earnings per share for the current year.

Scor Company Profile

SCOR SE is a France-based global reinsurance company that provides risk-transfer solutions to insurance companies and other institutional clients. Its business is organized primarily around two areas: property and casualty reinsurance, and life and health reinsurance.

Through its property and casualty operations, SCOR offers coverage for risks including natural catastrophes, specialty lines, commercial property, liability, motor and other insurance exposures. Its life and health activities support insurers with solutions related to mortality, longevity, disability, medical and other protection risks, as well as financial and capital-management needs.

SCOR serves clients across major insurance markets in Europe, North and South America, and the Asia-Pacific region.