Federal Home Loan Mortgage (OTCMKTS:FMCC) Stock Crosses Above Fifty Day Moving Average – Time to Sell?

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) passed above its 50 day moving average during trading on Thursday . The stock has a 50 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.

Analysts Set New Price Targets

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

Federal Home Loan Mortgage Trading Down 0.8 %

The stock’s fifty day moving average is $2.07 and its two-hundred day moving average is $1.53. The company has a market capitalization of $1.70 billion, a PE ratio of -43.50 and a beta of 2.08.

Federal Home Loan Mortgage (OTCMKTS:FMCC) 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.

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.