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

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

Impac Mortgage Stock Down 9.5 %

Shares of Impac Mortgage stock opened at $0.04 on Friday. Impac Mortgage has a 12-month low of $0.12 and a 12-month high of $0.88. The firm has a market capitalization of $1.54 million, a PE ratio of -0.02 and a beta of 0.90. The stock’s fifty day moving average is $0.04 and its 200-day moving average is $0.05.

Impac Mortgage Company Profile

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.