Freddie Mac (OTCMKTS:FMCC) Shares Gap Up - What's Next?

Key Points

• Freddie Mac shares experienced a gap up, opening at $7.48 after closing at $6.35, with the last trade recorded at $7.15 and a volume of 2,087,340 shares.
• The company's market capitalization is $4.69 billion, with a PE ratio of -361.00 and a negative return on equity of 41.19% based on their recent earnings report.
• Freddie Mac operates in the secondary mortgage market through its Single-Family and Multifamily segments, focusing on the purchase and securitization of loans.

Freddie Mac (OTCMKTS:FMCC - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $6.35, but opened at $7.48. Freddie Mac shares last traded at $7.15, with a volume of 2,087,340 shares traded.

Freddie Mac Stock Down 2.5%

The company has a market cap of $4.44 billion, a P/E ratio of -227.57 and a beta of 2.06. The company has a fifty day moving average of $7.56 and a 200 day moving average of $6.21.

Freddie Mac (OTCMKTS:FMCC - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $5.92 billion during the quarter. Freddie Mac had a negative return on equity of 42.15% 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.