Federal National Mortgage Association (OTCMKTS:FNMA) Stock Price Passes Above 50 Day Moving Average – What’s Next?

Federal National Mortgage Association (OTCMKTS:FNMA) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $2.16 and traded as high as $2.76. Federal National Mortgage Association shares last traded at $2.69, with a volume of 8,961,967 shares traded.

Federal National Mortgage Association Price Performance

The stock’s fifty day moving average is $2.19 and its two-hundred day moving average is $1.62.

Federal National Mortgage Association (OTCMKTS:FNMA) last announced its earnings results on Thursday, October 31st. The financial services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. Federal National Mortgage Association had a net margin of 11.22% and a negative return on equity of 30.10%. The company had revenue of $38.14 billion during the quarter, compared to the consensus estimate of $7.17 billion.

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.