JMP Securities upgraded Impac Mortgage (NYSEMKT:IMH) from Mkt Perform to Mkt Outperform in a report released today.
- Updated: October 5, 2016
Yesterday Impac Mortgage (NYSEMKT:IMH) traded 3.55% higher at $13.23. The company’s 50-day moving average is $15.15 and its 200-day moving average is $15.20. The last stock close price is down -9.87% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 173,617 shares of the stock were exchanged, up from an average trading volume of 64,423
JMP Securities has upgraded Impac Mortgage (NYSEMKT:IMH) from Mkt Perform to Mkt Outperform in a report released on 10/05/2016.
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Impac Mortgage has a 52 week low of $11.51 and a 52 week high of $24.22 with a P/E ratio of 4.04 The company’s market cap is currently $0.
In addition to JMP Securities reporting its target price, a total of 1 firm has reported on the stock. The consensus target price is $3.00 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Impac Mortgage (NYSEMKT:IMH)
Impac Mortgage Holdings, Inc. is an independent residential mortgage lender. The Company operates through three segments: Mortgage Lending, Real Estate Services and Long-Term Mortgage Portfolio. It originates, sells and services conventional, conforming agency and Government insured residential mortgage loans. Its Real Estate Services segment provides various real estate related services and loss mitigation services, including managing distressed mortgage portfolios and foreclosed real estate assets; surveillance services for residential and multifamily mortgage portfolios; loan modification services, and the master servicing on various residential mortgage and multifamily loan pools for loans. It manages its long-term mortgage portfolio, which consists of residual interests in the securitization trusts reflected as trust assets and liabilities. Its Corporate segment includes corporate services groups, such as information technology, human resources, legal, facilities and accounting.
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