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

Stock analysts at StockNews.com assumed coverage on shares of Impac Mortgage (NYSE:IMH) in a report released on Thursday. The firm set a “hold” rating on the stock.

Impac Mortgage Price Performance

NYSE IMH opened at $0.03 on Thursday. The business’s fifty day simple moving average is $0.03 and its 200-day simple moving average is $0.03. The firm has a market cap of $1.06 million, a PE ratio of -0.02 and a beta of 0.90. Impac Mortgage has a 52 week low of $0.12 and a 52 week 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.