Federal National Mortgage Association (OTCMKTS:FNMA) Sets New 12-Month High – What’s Next?

Shares of Federal National Mortgage Association (OTCMKTS:FNMA) reached a new 52-week high during trading on Thursday . The stock traded as high as $8.00 and last traded at $7.43, with a volume of 18465326 shares traded. The stock had previously closed at $7.70.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods downgraded shares of Federal National Mortgage Association from a “market perform” rating to an “underperform” rating and boosted their target price for the stock from $3.00 to $4.00 in a report on Monday, January 27th.

Federal National Mortgage Association Stock Performance

The stock’s 50-day simple moving average is $5.04 and its two-hundred day simple moving average is $2.87.

Federal National Mortgage Association Company Profile

Federal National Mortgage Association provides financing solutions for mortgages in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S.