Fannie Mae (OTCMKTS:FNMA) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Fannie Mae (OTCMKTS:FNMA)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.41 and traded as low as $6.01. Fannie Mae shares last traded at $6.16, with a volume of 4,066,311 shares.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FNMA. B. Riley Financial reaffirmed a “neutral” rating on shares of Fannie Mae in a report on Thursday, February 12th. Zacks Research lowered Fannie Mae from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 11th. Wedbush began coverage on Fannie Mae in a report on Tuesday, November 25th. They set an “outperform” rating and a $11.50 price target for the company. Finally, BTIG Research began coverage on Fannie Mae in a research report on Monday, January 26th. They issued a “buy” rating and a $20.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.30.

Fannie Mae Stock Up 0.8%

The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 2.46 and a beta of 1.78. The company’s fifty day moving average is $8.27 and its two-hundred day moving average is $10.34.

Fannie Mae (OTCMKTS:FNMA) last released its earnings results on Wednesday, February 11th. The financial services provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.08). The business had revenue of $7.33 billion for the quarter, compared to analyst estimates of $7.33 billion. Fannie Mae had a negative return on equity of 49.21% and a net margin of 2.22%.

About Fannie Mae

The Federal National Mortgage Association, commonly known as Fannie Mae (OTCMKTS:FNMA), is a government-sponsored enterprise established by Congress in 1938 as part of the New Deal to support the U.S. housing market. Headquartered in Washington, DC, Fannie Mae’s mission is to promote liquidity, stability and affordability in the mortgage market. The company operates by purchasing residential mortgage loans from financial institutions, pooling them into mortgage-backed securities (MBS), and providing guarantees to investors against borrower default.

In its core business, Fannie Mae works with mortgage lenders across the United States—including banks, credit unions and mortgage finance companies—to ensure a steady flow of capital for homebuyers and homeowners seeking refinancing.