Scor (OTCMKTS:SCRYY) Stock Price Passes Below 50 Day Moving Average – Here’s Why

Scor Se (OTCMKTS:SCRYY)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $2.16 and traded as low as $2.13. Scor shares last traded at $2.15, with a volume of 11,274 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank upgraded Scor to a “strong-buy” rating in a report on Friday, October 4th.

Scor Trading Up 2.4 %

The company has a market capitalization of $3.86 billion, a P/E ratio of 17.92 and a beta of 1.30. The firm’s 50 day moving average price is $2.16 and its two-hundred day moving average price is $2.52.

Scor (OTCMKTS:SCRYY) last released its earnings results on Tuesday, July 30th. The financial services provider reported ($0.19) earnings per share for the quarter. Scor had a net margin of 1.23% and a return on equity of 4.22%. The business had revenue of $4.40 billion during the quarter. Analysts anticipate that Scor Se will post 0.12 earnings per share 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.