Federal Home Loan Mortgage (OTCMKTS:FMCC) Shares Pass Above 50-Day Moving Average – What’s Next?

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $2.07 and traded as high as $2.74. Federal Home Loan Mortgage shares last traded at $2.61, with a volume of 7,674,834 shares.

Wall Street Analysts Forecast Growth

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

Federal Home Loan Mortgage Trading Down 3.1 %

The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of -42.17 and a beta of 2.08. The company has a fifty day moving average price of $2.10 and a two-hundred day moving average price of $1.54.

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

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.