Scor Se (OTCMKTS:SCRYY – Get a rating) saw strong growth in short-term interest in August. As of August 31, there were short interests totaling 41,400 shares, a growth of 84.0% from the total of 22,500 shares as of August 15. Based on an average daily volume of 104,800 shares, the day-to-cover ratio is currently 0.4 days.
Scor price performance
Shares of Scor traded down $0.10 during Wednesday’s session, hitting $1.74. 1,211 shares of the company were traded, against an average volume of 22,038. The company has a quick ratio of 6.71, a current ratio of 2.95 and a leverage ratio of 0.47. Scor has a fifty-two week low of $1.55 and a fifty-two week high of $3.73. The stock has a market capitalization of $3.25 billion, a price-earnings ratio of -15.82 and a beta of 1.27. The company has a 50-day moving average price of $1.80 and a 200-day moving average price of $2.41.
Scor (OTCMKTS:SCRYY – Get a rating) last released its quarterly earnings data on Thursday, July 28. The financial services provider reported ($0.10) earnings per share (EPS) for the quarter. Scor posted a negative return on equity of 2.55% and a negative net margin of 0.96%. The company posted revenue of $4.13 billion for the quarter. On average, equity analysts expect Scor to post 0.02 earnings per share for the current financial year.
Changes to analyst ratings
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A number of brokerages have weighed in on SCRYY. JPMorgan Chase & Co. lowered its price target on Scor from €24.50 ($25.00) to €16.00 ($16.33) and set an “underweight” rating on the stock in a report from Friday, July 29. HSBC downgraded Scor from a “buy” rating to a “hold” rating in a Tuesday, June 14 research note. Morgan Stanley lowered its price target on Scor from €32.00 ($32.65) to €30.00 ($30.61) in a Thursday, September 8 research note. Keefe, Bruyette & Woods raised Scor from an “underperforming” rating to an “overperforming” rating in a Thursday, August 25 research rating. Finally, Berenberg Bank reduced its price target on Scor from €35.00 ($35.71) to €28.00 ($28.57) and set a “buy” rating on the stock in a research from Friday, July 29. One research analyst rated the stock with a sell rating, three assigned a hold rating and six assigned the company a buy rating. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $25.93.
About Scor
SCOR SE, together with its subsidiaries, offers life and non-life reinsurance products in Europe, the Middle East, Africa, America, Latin America and Asia-Pacific. It operates through two segments, SCOR Global P&C and SCOR Global Life. The SCOR Global P&C segment offers reinsurance products in the areas of property and casualty, motor, tort treaties, credit and surety, decennial insurance, aviation, marine and marine. energy, engineering, agricultural risks and property disasters; specialty insurance products, including business solutions, political and credit risk, cyber liability and environmental liability; and business ventures and partnerships.
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