Fannie Mae (OTCMKTS:FNMA) Upgraded at B. Riley

Key Points

• Fannie Mae's stock has been upgraded to a "hold" rating by B. Riley equity analysts, reflecting a more cautious outlook.
• Shares of Fannie Mae opened at $12.60 and have seen significant movement, with a 12-month range between $1.09 and $12.99.
• The company provides financing solutions for mortgages in the U.S., primarily through its Single-Family and Multifamily segments.

Fannie Mae (OTCMKTS:FNMA - Get Free Report) was upgraded by equities researchers at B. Riley to a "hold" rating in a research report issued to clients and investors on Thursday, September 4th,Zacks.com reports.

Fannie Mae Price Performance

Shares of FNMA stock traded up $1.23 on Thursday, hitting $15.16. The stock had a trading volume of 11,472,511 shares, compared to its average volume of 10,876,446. The stock's 50 day moving average is $10.05 and its 200-day moving average is $9.44. Fannie Mae has a 52-week low of $1.09 and a 52-week high of $15.70.

Fannie Mae Company Profile

Federal National Mortgage Association provides financing solutions for mortgages in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S.