Shares of Federal National Mortgage Association (OTCMKTS:FNMA) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $0.88 and last traded at $0.89, with a volume of 6582914 shares. The stock had previously closed at $0.92.
Separately, Odeon Capital Group raised shares of Federal National Mortgage Association from a “hold” rating to a “buy” rating and set a $1.51 price target on the stock in a research note on Monday, July 19th.
The business has a fifty day moving average of $1.09 and a 200 day moving average of $1.70. The company has a market cap of $1.04 billion, a P/E ratio of 90.09 and a beta of 2.51.
Federal National Mortgage Association is a government-sponsored company. It engages in the provision of liquidity for purchases of homes and financing of multifamily rental housing and refinancing existing mortgages. The firm operates through the following segments: Single-Family and Multifamily. The Single-Family segment offers liquidity to the mortgage market and increase the availability and affordability of housing for single families.
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