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

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

Impac Mortgage Stock Performance

NYSE IMH opened at $0.22 on Thursday. The stock has a market cap of $8.22 million, a price-to-earnings ratio of -0.02 and a beta of 0.90. The firm’s 50 day moving average price is $0.05 and its two-hundred day moving average price is $0.04. Impac Mortgage has a twelve month low of $0.12 and a twelve month 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.