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Freddie Mac (OTCMKTS:FMCC) Sets New 52-Week High - Here's Why

Freddie Mac logo with Finance background

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

Freddie Mac Trading Up 3.4%

The firm has a market cap of $6.01 billion, a P/E ratio of -308.18 and a beta of 2.06. The firm has a 50-day simple moving average of $7.64 and a 200-day simple moving average of $6.38.

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

About Freddie Mac

(Get Free Report)

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.

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