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 note issued to investors on Wednesday. The firm set a “hold” rating on the stock.

Impac Mortgage Stock Performance

Shares of NYSE IMH opened at $0.05 on Wednesday. Impac Mortgage has a 52-week low of $0.12 and a 52-week high of $0.88. The stock has a market cap of $1.76 million, a P/E ratio of -0.03 and a beta of 0.90. The firm has a 50 day moving average price of $0.05 and a 200 day moving average price of $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.