Freddie Mac (OTCMKTS:FMCC) Stock Price Up 17.7% - Here's Why

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)'s stock price was up 17.7% during mid-day trading on Friday . The stock traded as high as $8.02 and last traded at $7.77. Approximately 3,799,458 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 4,336,538 shares. The stock had previously closed at $6.60.

Freddie Mac Stock Performance

The company has a market cap of $5.19 billion, a P/E ratio of -266.03 and a beta of 2.06. The stock has a 50-day simple moving average of $7.47 and a 200 day simple moving average of $6.23.

Freddie Mac (OTCMKTS:FMCC - Get Free Report) last released 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.

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