Federal Home Loan Mortgage (OTCMKTS:FMCC) Hits New 52-Week High – Here’s Why

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $3.56 and last traded at $3.28, with a volume of 9569111 shares changing hands. The stock had previously closed at $3.55.

Analyst Upgrades and Downgrades

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

Federal Home Loan Mortgage Price Performance

The stock has a market cap of $2.13 billion, a price-to-earnings ratio of -59.17 and a beta of 1.69. The firm’s 50-day moving average is $1.66 and its 200 day moving average is $1.41.

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

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.