Freddie Mac (OTCMKTS:FMCC) Hits New 52-Week High - What's Next?

Key Points

• Freddie Mac's stock reached a new 52-week high of $9.32 during trading, reflecting a significant increase from the previous close of $8.94.
• The company reported a net margin of 9.04% and a negative return on equity of 44.33% in its latest earnings announcement, highlighting challenges in profitability.
• Freddie Mac operates primarily in the secondary mortgage market, focusing on single-family and multifamily segments for loan purchases and securitization.

Freddie Mac (OTCMKTS:FMCC - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $9.32 and last traded at $9.28, with a volume of 1652613 shares trading hands. The stock had previously closed at $8.94.

Freddie Mac Trading Up 2.7%

The stock has a market cap of $5.99 billion, a PE ratio of -306.97 and a beta of 2.06. The business has a 50-day moving average price of $7.78 and a 200 day moving average price of $6.50.

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

Freddie Mac 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.