Freddie Mac (OTCMKTS:FMCC) Stock Crosses Above 50-Day Moving Average - Should You Sell?

Key Points

• Freddie Mac's stock has recently crossed above its 50-day moving average of $7.68, trading as high as $9.34 before closing at $9.27.
• The company reported a quarterly revenue of $5.92 billion with a net margin of 9.04%, but showed a negative return on equity of 44.33% and an EPS of ($0.01).
• Freddie Mac operates in the secondary mortgage market in the U.S. and has a market capitalization of $6.03 billion.

Freddie Mac (OTCMKTS:FMCC - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $7.68 and traded as high as $9.34. Freddie Mac shares last traded at $9.27, with a volume of 2,890,142 shares traded.

Freddie Mac Trading Up 2.7%

The firm's fifty day moving average price is $7.78 and its 200-day moving average price is $6.51. The company has a market cap of $5.99 billion, a P/E ratio of -306.97 and a beta of 2.06.

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