Freddie Mac (OTCMKTS:FMCC) Shares Up 17.7% - Here's What Happened

Key Points

• Freddie Mac's stock price surged by 17.7% on Friday, reaching a high of $8.02 before closing at $7.77.
• The company reported a net margin of 9.04% and revenue of $5.92 billion in its latest quarterly earnings, albeit with a reported loss of ($0.01) earnings per share.
• Freddie Mac has a market capitalization of $5.19 billion and operates predominantly in the secondary mortgage market in the United States.

Freddie Mac (OTCMKTS:FMCC - Get Free Report) traded up 17.7% during mid-day trading on Friday . The company traded as high as $8.02 and last traded at $7.77. 3,799,458 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 4,336,538 shares. The stock had previously closed at $6.60.

Freddie Mac Trading Up 3.0%

The firm has a market capitalization of $5.95 billion, a PE ratio of -305.00 and a beta of 2.06. The business's 50 day simple moving average is $7.52 and its 200 day simple moving average is $6.29.

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