Freddie Mac (OTCMKTS:FMCC) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Freddie Mac (OTCMKTS:FMCC) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $8.88 and traded as high as $13.25. Freddie Mac shares last traded at $12.75, with a volume of 2,638,876 shares.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft started coverage on shares of Freddie Mac in a report on Thursday, September 11th. They set a “buy” rating and a $25.00 price objective for the company. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $14.75.

Freddie Mac Trading Down 2.0%

The business has a 50-day moving average of $8.88 and a 200 day moving average of $7.11. The firm has a market capitalization of $8.29 billion, a PE ratio of -425.00 and a beta of 2.10.

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

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.