Freddie Mac (OTCMKTS:FMCC) Trading Down 6.3% – Time to Sell?

Freddie Mac (OTCMKTS:FMCC) dropped 6.3% on Tuesday . The stock traded as low as $9.46 and last traded at $9.55. Approximately 1,200,885 shares changed hands during trading, a decline of 71% from the average daily volume of 4,112,436 shares. The stock had previously closed at $10.19.

Analyst Upgrades and Downgrades

FMCC has been the subject of a number of recent research reports. Keefe, Bruyette & Woods decreased their target price on Freddie Mac from $11.00 to $9.00 and set an “underperform” rating for the company in a research report on Thursday. Wedbush raised Freddie Mac from an “underperform” rating to an “outperform” rating and set a $13.35 price objective for the company in a report on Friday, December 12th. Deutsche Bank Aktiengesellschaft assumed coverage on Freddie Mac in a research note on Thursday, September 11th. They issued a “buy” rating and a $25.00 price objective on the stock. Finally, Zacks Research upgraded shares of Freddie Mac to a “hold” rating in a research report on Monday. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Freddie Mac presently has an average rating of “Hold” and a consensus target price of $15.78.

Freddie Mac Price Performance

The firm’s 50 day moving average is $10.02 and its 200 day moving average is $9.48. The company has a market cap of $6.60 billion, a PE ratio of -1,015.00 and a beta of 1.78.

Freddie Mac Company Profile

Federal Home Loan Mortgage Corporation operates in the secondary mortgage market in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment purchases, securitizes, and guarantees single-family loans; and manages single-family mortgage credit and market risk, as well as manages mortgage-related investments portfolio, single-family securitization activities, and treasury functions.