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

StockNews.com initiated coverage on shares of Impac Mortgage (NYSE:IMH) in a research report sent to investors on Friday. The brokerage issued a hold rating on the stock.

Impac Mortgage Price Performance

Shares of NYSE:IMH opened at $0.22 on Friday. The business’s 50-day moving average is $0.03 and its 200-day moving average is $0.03. Impac Mortgage has a 1 year low of $0.12 and a 1 year high of $0.88. The company has a market capitalization of $8.22 million, a price-to-earnings ratio of -0.13 and a beta of 0.90.

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.