Freddie Mac (OTCMKTS:FMCC) Shares Gap Up - Should You Buy?

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.

Shares of Freddie Mac (OTCMKTS:FMCC - Get Free Report) gapped up before the market opened 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.

Freddie Mac Trading Up 13.7%

The firm has a market capitalization of $4.69 billion, a PE ratio of -361.00 and a beta of 2.00. The firm has a 50-day moving average of $7.57 and a two-hundred day moving average of $6.19.

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. Freddie Mac had a negative return on equity of 41.19% and a net margin of 9.53%. The firm had revenue of $5.92 billion during the quarter.

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.

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