StockNews.com Initiates Coverage on Impac Mortgage (NYSE:IMH)

Equities research analysts at StockNews.com assumed coverage on shares of Impac Mortgage (NYSE:IMH) in a report issued on Tuesday. The brokerage set a “hold” rating on the stock.

Impac Mortgage Stock Performance

IMH stock opened at $0.04 on Tuesday. The stock has a market cap of $1.46 million, a P/E ratio of -0.02 and a beta of 0.90. Impac Mortgage has a twelve month low of $0.12 and a twelve month high of $0.88. The company’s 50 day moving average is $0.05 and its two-hundred day moving average is $0.04.

About Impac Mortgage

Impac Mortgage Holdings, Inc engages in the provision of mortgage and real estate solutions. It operates through the following segments: Mortgage Lending, Real Estate Services, and Long-Term Mortgage Portfolio. The Mortgage Lending segment offers mortgage lending products through lending channels, retail, wholesale, and correspondent, and retains mortgage servicing rights and warehouse lending facilities.