Federal National Mortgage Association (OTCMKTS:FNMA) Hits New 12-Month High - Still a Buy?

Shares of Federal National Mortgage Association (OTCMKTS:FNMA - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $2.40 and last traded at $2.16, with a volume of 31924736 shares traded. The stock had previously closed at $2.07.

Federal National Mortgage Association Stock Performance

The firm's 50 day moving average price is $1.30 and its 200-day moving average price is $1.36.

Federal National Mortgage Association (OTCMKTS:FNMA - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.05. The firm had revenue of $38.14 billion for the quarter, compared to analyst estimates of $7.17 billion. Federal National Mortgage Association had a net margin of 11.22% and a negative return on equity of 30.10%.

About Federal National Mortgage Association

Federal National Mortgage Association provides financing solutions for mortgages in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.