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Freddie Mac (OTCMKTS:FMCC) Shares Pass Above 50-Day Moving Average - Here's What Happened

Freddie Mac logo with Finance background

Freddie Mac (OTCMKTS:FMCC - Get Free Report)'s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $7.12 and traded as high as $7.70. Freddie Mac shares last traded at $7.49, with a volume of 1,934,218 shares trading hands.

Freddie Mac Price Performance

The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of -367.00 and a beta of 2.00. The business's 50-day simple moving average is $7.16 and its two-hundred day simple moving average is $5.87.

Freddie Mac (OTCMKTS:FMCC - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.01) EPS for the quarter. Freddie Mac had a negative return on equity of 41.19% and a net margin of 9.53%. The firm had revenue of $5.85 billion for the quarter.

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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