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

Analysts at StockNews.com assumed coverage on shares of Impac Mortgage (NYSE:IMH) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.

Impac Mortgage Price Performance

Shares of IMH stock opened at $0.04 on Thursday. Impac Mortgage has a one year low of $0.12 and a one year high of $0.88. The firm has a 50-day moving average of $0.04 and a 200-day moving average of $0.05. The company has a market cap of $1.51 million, a P/E ratio of -0.02 and a beta of 0.90.

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.