Federal Agricultural Mortgage (NYSE:AGM.A) Stock Price Down 0.5%
Shares of Federal Agricultural Mortgage Corp. (NYSE:AGM.A) were down 0.5% during mid-day trading on Monday . The company traded as low as $66.52 and last traded at $66.52, approximately 10 shares changed hands during mid-day trading. A decline of 99% from the average daily volume of 763 shares. The stock had previously closed at $66.83.
The firm’s fifty day moving average price is $61.88.
Federal Agricultural Mortgage (NYSE:AGM.A) last issued its earnings results on Thursday, May 2nd. The company reported $2.06 earnings per share (EPS) for the quarter. The firm had revenue of $44.29 million during the quarter.
Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. The Company’s segments include Farm & Ranch, USDA Guarantees, Rural Utilities, Institutional Credit and Corporate. Its secondary market activities are purchasing eligible loans directly from lenders; providing advances against eligible loans by purchasing obligations secured by those loans; securitizing assets and guaranteeing the payment of principal and interest on the resulting securities that represent interests in, or obligations secured by, pools of eligible loans; and issuing long-term standby purchase commitments (LTSPCs) for eligible loans.
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