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

Stock analysts at StockNews.com started coverage on shares of Impac Mortgage (NYSE:IMH) in a note issued to investors on Saturday. The firm set a “hold” rating on the stock.

Impac Mortgage Price Performance

NYSE IMH opened at $0.04 on Friday. The firm has a market capitalization of $1.54 million, a price-to-earnings ratio of -0.02 and a beta of 0.90. The company has a 50 day simple moving average of $0.04 and a 200-day simple moving average of $0.05. Impac Mortgage has a 52-week low of $0.12 and a 52-week high of $0.88.

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.