Shares of Federal Home Loan Mortgage Co. (OTCMKTS:FMCC – Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.06 and traded as high as $1.34. Federal Home Loan Mortgage shares last traded at $1.31, with a volume of 2,853,465 shares changing hands.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods raised Federal Home Loan Mortgage from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $1.25 to $2.50 in a research note on Monday, February 26th.
Read Our Latest Research Report on Federal Home Loan Mortgage
Federal Home Loan Mortgage Stock Up 6.5 %
The stock has a fifty day simple moving average of $1.06 and a 200-day simple moving average of $0.80.
Federal Home Loan Mortgage (OTCMKTS:FMCC – Get Free Report) last released its earnings results on Wednesday, February 14th. The company reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $5.37 billion during the quarter. Federal Home Loan Mortgage had a net margin of 9.75% and a negative return on equity of 24.28%.
About Federal Home Loan Mortgage
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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