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

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

Impac Mortgage Stock Up 4.3 %

Shares of NYSE:IMH opened at $0.05 on Tuesday. The company’s fifty day moving average is $0.05 and its two-hundred day moving average is $0.05. The company has a market cap of $1.83 million, a P/E ratio of -0.03 and a beta of 0.90. Impac Mortgage has a 12-month low of $0.12 and a 12-month 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.