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Freddie Mac (OTCMKTS:FMCC) Share Price Passes Above 50 Day Moving Average - Here's Why

Freddie Mac logo with Finance background

Freddie Mac (OTCMKTS:FMCC - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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 changing hands.

Freddie Mac Price Performance

The company has a market cap of $4.77 billion, a PE ratio of -367.00 and a beta of 2.00. The stock has a fifty day moving average price of $7.21 and a 200-day moving average price of $5.90.

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

Freddie Mac Company Profile

(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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