Federal National Mortgage Association (OTCMKTS:FNMA) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $2.48 and traded as high as $2.28. Federal National Mortgage Association shares last traded at $2.27, with a volume of 997,221 shares trading hands.

A number of research analysts have weighed in on FNMA shares. B. Riley set a $2.00 target price on shares of Federal National Mortgage Association and gave the company a “hold” rating in a research note on Friday, August 2nd. Compass Point started coverage on shares of Federal National Mortgage Association in a research note on Thursday, June 20th. They issued a “neutral” rating on the stock. Finally, Zacks Investment Research upgraded shares of 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 note on Friday, August 2nd.

The firm has a market capitalization of $2.61 billion, a PE ratio of 4.29 and a beta of 2.28. The company’s 50 day simple moving average is $2.48 and its 200-day simple moving average is $2.67.

Federal National Mortgage Association Company Profile (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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