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

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

Impac Mortgage Stock Down 11.4 %

Shares of IMH stock opened at $0.03 on Friday. The stock has a 50-day simple moving average of $0.05 and a 200 day simple moving average of $0.05. Impac Mortgage has a fifty-two week low of $0.12 and a fifty-two week high of $0.88. The stock has a market capitalization of $1.13 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.