Federal Home Loan Mortgage Co. (OTCMKTS:FMCC - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 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 traded.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods downgraded Federal Home Loan Mortgage from an "outperform" rating to a "market perform" rating and upped their target price for the company from $2.50 to $4.00 in a research report on Wednesday, November 20th.
Read Our Latest Stock Analysis on FMCC
Federal Home Loan Mortgage Stock Up 1.5 %
The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of -44.33 and a beta of 2.08. The stock has a 50 day moving average price of $2.25 and a 200 day moving average price of $1.58.
Federal Home Loan Mortgage (OTCMKTS:FMCC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.02) earnings per share for the quarter. The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate 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
(
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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.
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