Federal Home Loan Mortgage Co. (OTCMKTS:FMCC - Get Free Report)'s share price passed 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.
Separately, Keefe, Bruyette & Woods lowered Federal Home Loan Mortgage from an "outperform" rating to a "market perform" rating and boosted their price target for the company from $2.50 to $4.00 in a report on Wednesday, November 20th.
Read Our Latest Report on Federal Home Loan Mortgage
The company has a market capitalization of $1.73 billion, a P/E ratio of -44.33 and a beta of 2.08. The business's fifty day simple moving average is $2.25 and its 200-day simple moving average is $1.58.
Federal Home Loan Mortgage (OTCMKTS:FMCC - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported ($0.02) earnings per share (EPS) for the quarter. Federal Home Loan Mortgage had a negative return on equity of 33.18% and a net margin of 9.74%. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.40 billion.
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.
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 [email protected].
Before you consider Federal Home Loan Mortgage, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Federal Home Loan Mortgage wasn't on the list.
While Federal Home Loan Mortgage currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.