Federal Home Loan Mortgage (OTCMKTS:FMCC) Sets New 12-Month High – Should You Buy?

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $3.56 and last traded at $3.28, with a volume of 9569111 shares. The stock had previously closed at $3.55.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods downgraded shares of Federal Home Loan Mortgage from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $2.50 to $4.00 in a research report on Wednesday, November 20th.

Federal Home Loan Mortgage Trading Down 7.6 %

The company has a market cap of $2.13 billion, a price-to-earnings ratio of -59.17 and a beta of 1.69. The company’s 50 day moving average price is $1.66 and its 200 day moving average price is $1.41.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.40 billion. Federal Home Loan Mortgage had a negative return on equity of 33.18% and a net margin of 9.74%.

Federal Home Loan Mortgage 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.