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

StockNews.com started coverage on shares of Impac Mortgage (NYSE:IMH) in a report issued on Monday. The brokerage set a “hold” rating on the stock.

Impac Mortgage Stock Performance

Shares of NYSE:IMH opened at $0.04 on Monday. The stock has a 50-day simple moving average of $0.05 and a 200-day simple moving average of $0.05. The stock has a market capitalization of $1.48 million, a P/E ratio of -0.02 and a beta of 0.90. Impac Mortgage has a 1 year low of $0.12 and a 1 year high of $0.88.

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.