Freddie Mac (OTCMKTS:FMCC) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Freddie Mac (OTCMKTS:FMCC) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.47 and traded as low as $5.58. Freddie Mac shares last traded at $5.8140, with a volume of 4,863,612 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on FMCC shares. Mizuho started coverage on Freddie Mac in a research note on Monday, May 4th. They issued an “outperform” rating and a $9.00 price target on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Freddie Mac from $9.00 to $8.50 and set an “underperform” rating for the company in a research note on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Freddie Mac presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.17.

Freddie Mac Stock Up 2.8%

The business has a fifty day moving average of $6.49 and a 200 day moving average of $7.47.

Freddie Mac (OTCMKTS:FMCC) last posted its earnings results on Thursday, April 30th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $6.13 billion during the quarter, compared to analysts’ expectations of $5.61 billion. Freddie Mac had a net margin of 8.61% and a negative return on equity of 65.39%. Analysts expect that Freddie Mac will post 0.01 EPS for the current fiscal year.

Freddie Mac Company Profile

Freddie Mac (OTCMKTS:FMCC), officially the Federal Home Loan Mortgage Corporation, is a government-sponsored enterprise chartered by Congress in 1970 to enhance liquidity and stability in the U.S. housing finance system. Headquartered in McLean, Virginia, the company operates under the supervision of the Federal Housing Finance Agency (FHFA) and carries a congressional mandate to support affordable, sustainable homeownership and rental housing markets nationwide.

The company’s primary business activities involve purchasing mortgage loans from approved lenders, pooling them into mortgage-backed securities (MBS), and guaranteeing the timely payment of principal and interest to investors.