Federal National Mortgage Association (OTCMKTS:FNMA)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $2.55 and traded as high as $2.39. Federal National Mortgage Association shares last traded at $2.32, with a volume of 1,848,425 shares traded.

FNMA has been the topic of a number of recent analyst reports. Zacks Investment Research raised Federal National Mortgage Association from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a research report on Friday, August 2nd. Compass Point initiated coverage on Federal National Mortgage Association in a report on Thursday, June 20th. They set a “neutral” rating on the stock. Finally, B. Riley set a $2.00 price target on Federal National Mortgage Association and gave the company a “hold” rating in a report on Friday, August 2nd.

The stock’s 50 day moving average price is $2.54. The stock has a market cap of $2.69 billion, a PE ratio of 4.07 and a beta of 2.28.

About Federal National Mortgage Association (OTCMKTS:FNMA)

Federal National Mortgage Association provides a source of liquidity to the mortgage market and supports the availability and affordability of housing in the United States. It securitizes mortgage loans originated by lenders into Fannie Mae mortgage-backed securities (Fannie Mae MBS). The company operates in two segments, Single-Family and Multifamily.

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