Federal National Mortgage Association (OTCMKTS:FNMA) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Shares of Federal National Mortgage Association (OTCMKTS:FNMA) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2.31 and traded as high as $2.78. Federal National Mortgage Association shares last traded at $2.69, with a volume of 5,485,446 shares changing hands.

Federal National Mortgage Association Trading Up 1.5 %

The firm’s fifty day simple moving average is $2.31 and its 200-day simple moving average is $1.65.

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

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.