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

Equities researchers at StockNews.com initiated coverage on shares of Impac Mortgage (NYSE:IMH) in a research note issued on Saturday. The brokerage set a “hold” rating on the stock.

Impac Mortgage Stock Up 2.2 %

Impac Mortgage stock opened at $0.22 on Friday. The stock has a market cap of $8.22 million, a PE ratio of -0.02 and a beta of 0.90. Impac Mortgage has a 12-month low of $0.12 and a 12-month high of $0.88. The business’s 50-day moving average price is $0.05 and its two-hundred day moving average price is $0.04.

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.