Freddie Mac (OTCMKTS:FMCC) Sets New 12-Month High - Here's Why

Key Points

• Freddie Mac's stock reached a new 52-week high of $9.80, closing at $9.72 with a trading volume of over 3 million shares.
• The company reported a net margin of 9.04% for the last quarter, despite posting negative earnings per share of ($0.01).
• Freddie Mac operates in the secondary mortgage market, focusing on both Single-Family and Multifamily segments to purchase and guarantee loans.

Freddie Mac (OTCMKTS:FMCC - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $9.80 and last traded at $9.72, with a volume of 3160593 shares. The stock had previously closed at $9.45.

Freddie Mac Price Performance

The company has a 50-day simple moving average of $8.15 and a 200-day simple moving average of $6.76. The stock has a market cap of $7.72 billion, a PE ratio of -396.00 and a beta of 2.10.

Freddie Mac (OTCMKTS:FMCC - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $5.92 billion during 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.