Federal Home Loan Mortgage (OTCMKTS:FMCC) Stock Passes Above 50-Day Moving Average – Should You Sell?

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) shares crossed 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 trading hands.

Analyst Ratings Changes

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

Federal Home Loan Mortgage Stock Down 3.1 %

The firm has a 50-day moving average price of $2.10 and a 200 day moving average price of $1.54. The firm has a market capitalization of $1.64 billion, a PE ratio of -42.17 and a beta of 2.08.

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

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.