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

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC) reached a new 52-week high during trading on Monday . The company traded as high as $3.43 and last traded at $3.29, with a volume of 9084080 shares trading hands. The stock had previously closed at $3.00.

Federal Home Loan Mortgage Stock Performance

The company has a market cap of $2.14 billion, a P/E ratio of -50.00 and a beta of 1.69. The business has a fifty day simple moving average of $1.41 and a 200 day simple moving average of $1.33.

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

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.