Freddie Mac (OTCMKTS:FMCC) Reaches New 1-Year High - Still a Buy?

Key Points

• Freddie Mac's stock reached a new 52-week high at $9.47, closing at $9.46 with a trading volume of 134,780 shares.
• The company reported negative earnings per share of ($0.01) and a return on equity of -44.33% during its last earnings report, indicating ongoing financial challenges.
• Freddie Mac operates in the secondary mortgage market, focusing on single-family and multifamily segments, purchasing and guaranteeing loans to manage mortgage-related investments.

Freddie Mac (OTCMKTS:FMCC - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $9.47 and last traded at $9.46, with a volume of 134780 shares traded. The stock had previously closed at $9.36.

Freddie Mac Stock Up 0.5%

The firm's 50 day simple moving average is $7.89 and its 200 day simple moving average is $6.61. The company has a market capitalization of $6.14 billion, a PE ratio of -315.00 and a beta of 2.06.

Freddie Mac (OTCMKTS:FMCC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported ($0.01) EPS for the quarter. The firm had revenue of $5.92 billion for the quarter. Freddie Mac had a negative return on equity of 44.33% and a net margin of 9.04%.

About Freddie Mac

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.