Federal National Mortgage Association (OTCMKTS:FNMA) Stock Price Passes Below 200-Day Moving Average of $1.43

Federal National Mortgage Association (OTCMKTS:FNMA)’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 $1.43 and traded as low as $1.12. Federal National Mortgage Association shares last traded at $1.12, with a volume of 2,836,936 shares changing hands.

Analysts Set New Price Targets

Separately, Wedbush upgraded shares of Federal National Mortgage Association to a “strong sell” rating in a research note on Monday, June 17th.

Federal National Mortgage Association Trading Up 3.6 %

The business has a fifty day moving average of $1.37 and a 200 day moving average of $1.43.

Federal National Mortgage Association (OTCMKTS:FNMA) last posted its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.12. Federal National Mortgage Association had a negative return on equity of 29.08% and a net margin of 11.80%. The firm had revenue of $37.73 billion during the quarter, compared to analysts’ expectations of $7.17 billion.

About Federal National Mortgage Association

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.