Federal Home Loan Mortgage Co. (OTCMKTS:FMCC – Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $1.48 and last traded at $1.47, with a volume of 3632402 shares. The stock had previously closed at $1.36.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods raised shares of Federal Home Loan Mortgage from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $1.25 to $2.50 in a report on Monday, February 26th.
Read Our Latest Report on Federal Home Loan Mortgage
Federal Home Loan Mortgage Trading Up 8.2 %
The stock has a market capitalization of $956.89 million, a PE ratio of -24.53 and a beta of 1.43. The firm’s fifty day moving average is $1.07 and its 200-day moving average is $0.80.
Federal Home Loan Mortgage (OTCMKTS:FMCC – Get Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $5.37 billion during the quarter. Federal Home Loan Mortgage had a net margin of 9.75% and a negative return on equity of 24.28%.
Federal Home Loan Mortgage Company Profile
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.
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