Freddie Mac (OTCMKTS:FMCC) Shares Down 10.7% – Time to Sell?

Shares of Freddie Mac (OTCMKTS:FMCC) traded down 10.7% during trading on Wednesday . The stock traded as low as $8.32 and last traded at $8.50. 3,220,307 shares traded hands during trading, a decline of 23% from the average session volume of 4,172,734 shares. The stock had previously closed at $9.52.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FMCC shares. Keefe, Bruyette & Woods boosted their price objective on Freddie Mac from $4.50 to $11.00 and gave the company an “underperform” rating in a report on Thursday, September 18th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Freddie Mac in a research report on Thursday, September 11th. They set a “buy” rating and a $25.00 price objective for the company. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $18.00.

Freddie Mac Stock Down 10.7%

The firm has a market capitalization of $5.53 billion, a price-to-earnings ratio of -283.33 and a beta of 2.06. The company has a 50-day moving average price of $11.45 and a 200-day moving average price of $8.83.

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.