Federal Home Loan Mortgage (OTCMKTS:FMCC) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Shares of Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $2.25 and traded as high as $2.75. Federal Home Loan Mortgage shares last traded at $2.66, with a volume of 3,392,452 shares trading hands.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods cut shares of Federal Home Loan Mortgage from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $2.50 to $4.00 in a research report on Wednesday, November 20th.

Federal Home Loan Mortgage Price Performance

The business has a fifty day moving average price of $2.25 and a 200 day moving average price of $1.58. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of -44.33 and a beta of 2.08.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported ($0.02) EPS for the quarter. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.40 billion. Federal Home Loan Mortgage had a negative return on equity of 33.18% and a net margin of 9.74%.

Federal Home Loan Mortgage Company Profile

Federal Home Loan Mortgage Corporation operates in the secondary mortgage market in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment purchases, securitizes, and guarantees single-family loans; and manages single-family mortgage credit and market risk, as well as manages mortgage-related investments portfolio, single-family securitization activities, and treasury functions.