Impac Mortgage (NYSE:IMH) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Impac Mortgage (NYSE:IMH – Get Rating) in a report issued on Friday. The firm set a “hold” rating on the stock.

IMH opened at $0.69 on Friday. The stock has a 50 day moving average of $0.73. Impac Mortgage has a twelve month low of $0.60 and a twelve month high of $2.78. The company has a current ratio of 1.20, a quick ratio of 0.12 and a debt-to-equity ratio of 169.58. The firm has a market cap of $14.91 million, a price-to-earnings ratio of -3.16 and a beta of 0.61.

Impac Mortgage Company Profile (Get Rating)

Impac Mortgage Holdings, Inc operates as a residential mortgage lender in the United States. It operates through three segments: Mortgage Lending, Real Estate Services, and Long-Term Mortgage Portfolio. The Mortgage Lending segment provides mortgage lending products through three lending channels, such as retail, wholesale, and correspondent and opportunistically retain mortgage servicing rights.

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