Federal Home Loan Mortgage (OTCMKTS:FMCC) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Federal Home Loan Mortgage Co. (OTCMKTS:FMCC)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.29 and traded as low as $1.10. Federal Home Loan Mortgage shares last traded at $1.13, with a volume of 1,174,467 shares.

Analysts Set New Price Targets

Separately, Wedbush reiterated an “underperform” rating and set a $0.75 price target on shares of Federal Home Loan Mortgage in a report on Monday, June 17th.

Federal Home Loan Mortgage Stock Up 2.7 %

The stock has a market cap of $754.07 million, a P/E ratio of -38.67 and a beta of 1.70. The business’s 50-day simple moving average is $1.14 and its two-hundred day simple moving average is $1.29.

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.