Impac Mortgage (NYSE:IMH) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Impac Mortgage (NYSE:IMH) in a report released on Saturday. The brokerage set a “hold” rating on the stock.

Impac Mortgage Stock Up 2.2 %

NYSE:IMH opened at $0.22 on Friday. The company has a market capitalization of $8.22 million, a P/E ratio of -0.01 and a beta of 0.90. Impac Mortgage has a 52 week low of $0.12 and a 52 week high of $0.88. The stock’s fifty day moving average is $0.03 and its two-hundred day moving average is $0.03.

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.