Federal National Mortgage Association (OTCMKTS:FNMA – Get Free Report)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.32 and traded as low as $1.25. Federal National Mortgage Association shares last traded at $1.30, with a volume of 7,147,981 shares changing hands.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods upgraded shares of Federal National Mortgage Association from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $1.25 to $2.00 in a research note on Monday, February 26th.
Read Our Latest Research Report on Federal National Mortgage Association
Federal National Mortgage Association Stock Down 7.1 %
The company has a fifty day moving average of $1.49 and a two-hundred day moving average of $1.32.
Federal National Mortgage Association (OTCMKTS:FNMA – Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $0.60 earnings per share for the quarter. Federal National Mortgage Association had a negative return on equity of 27.90% and a net margin of 12.43%. The business had revenue of $37.37 billion during the quarter.
Federal National Mortgage Association Company Profile
Federal National Mortgage Association provides financing solutions for mortgages in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S.
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