Federal National Mortgage Association (OTCMKTS:FNMA) Stock Price Passes Below 200 Day Moving Average of $1.34

Federal National Mortgage Association (OTCMKTS:FNMA) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.34 and traded as low as $1.34. Federal National Mortgage Association shares last traded at $1.43, with a volume of 6,969,686 shares trading hands.

Analysts Set New Price Targets

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

Federal National Mortgage Association Stock Performance

The business’s 50 day simple moving average is $1.47 and its 200 day simple moving average is $1.34.

Federal National Mortgage Association (OTCMKTS:FNMA) last posted its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.60 EPS for the quarter. Federal National Mortgage Association had a net margin of 12.43% and a negative return on equity of 27.90%. The firm had revenue of $37.37 billion during the quarter.

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.