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

StockNews.com started coverage on shares of Impac Mortgage (NYSE:IMH) in a report released on Monday. The brokerage issued a hold rating on the stock.

Impac Mortgage Stock Performance

Impac Mortgage stock opened at $0.04 on Monday. The firm’s fifty day moving average price is $0.04 and its 200-day moving average price is $0.03. The stock has a market cap of $1.46 million, a P/E ratio of -0.02 and a beta of 0.90. Impac Mortgage has a fifty-two week low of $0.12 and a fifty-two 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.