Impac Mortgage (NYSE:IMH) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of Impac Mortgage (NYSE:IMH) in a note issued to investors on Saturday. The firm set a “hold” rating on the stock.

Impac Mortgage Price Performance

Shares of NYSE:IMH opened at $0.22 on Friday. The company has a market capitalization of $8.22 million, a price-to-earnings ratio of -0.02 and a beta of 0.90. The business’s 50-day moving average is $0.05 and its 200-day moving average is $0.04. Impac Mortgage has a 1 year low of $0.12 and a 1 year high of $0.88.

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.