Federal National Mortgage Association (OTCMKTS:FNMA) Stock Passes Below Two Hundred Day Moving Average of $0.00

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Federal National Mortgage Association (OTCMKTS:FNMA)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as low as $2.64. Federal National Mortgage Association shares last traded at $2.69, with a volume of 1,088,839 shares changing hands.

Several research firms recently commented on FNMA. B. Riley reiterated a “buy” rating on shares of Iovance Biotherapeutics in a research note on Friday, April 5th. Compass Point began coverage on shares of Federal National Mortgage Association in a research note on Thursday, June 20th. They set a “neutral” rating for the company.

The company has a fifty day moving average price of $2.86. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 4.42 and a beta of 2.26.

Federal National Mortgage Association (OTCMKTS:FNMA) last posted its earnings results on Wednesday, May 1st. The financial services provider reported $0.01 earnings per share for the quarter. Federal National Mortgage Association had a net margin of 11.74% and a negative return on equity of 10.56%. The business had revenue of $4.26 billion for the quarter, compared to analyst estimates of $6.53 billion.

Federal National Mortgage Association Company Profile (OTCMKTS:FNMA)

Federal National Mortgage Association provides a source of liquidity to the mortgage market and supports the availability and affordability of housing in the United States. It securitizes mortgage loans originated by lenders into Fannie Mae mortgage-backed securities (Fannie Mae MBS). The company operates in two segments, Single-Family and Multifamily.

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