Freddie Mac (OTCMKTS:FMCC) Stock Price Up 6.8% - Should You Buy?

Key Points

• Freddie Mac's stock price increased by 6.8% in mid-day trading, reaching a last trade of $6.74 after closing at $6.31.
• The company reported a revenue of $5.85 billion during its last quarterly earnings, with a net margin of 9.53% but a negative return on equity of 41.19%.
• Freddie Mac has a market capitalization of $4.30 billion and a price-to-earnings ratio of -330.75, indicating financial instability.

Freddie Mac (OTCMKTS:FMCC - Get Free Report)'s stock price shot up 6.8% during mid-day trading on Tuesday . The stock traded as high as $7.39 and last traded at $6.74. 1,814,446 shares were traded during mid-day trading, a decline of 59% from the average session volume of 4,433,933 shares. The stock had previously closed at $6.31.

Freddie Mac Trading Up 4.8%

The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of -330.75 and a beta of 2.00. The company's 50 day moving average is $7.55 and its 200-day moving average is $6.18.

Freddie Mac (OTCMKTS:FMCC - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.01) earnings per share for the quarter. Freddie Mac had a net margin of 9.53% and a negative return on equity of 41.19%. The company had revenue of $5.85 billion during the quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.