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

StockNews.com assumed coverage on shares of Impac Mortgage (NYSE:IMH) in a research report report published on Monday morning. The brokerage issued a hold rating on the stock.

Impac Mortgage Price Performance

Impac Mortgage stock opened at $0.04 on Monday. The stock’s 50 day moving average price is $0.05 and its 200 day moving average price is $0.05. Impac Mortgage has a 1-year low of $0.12 and a 1-year high of $0.88. The company has a market cap of $1.46 million, a PE ratio of -0.02 and a beta of 0.90.

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.