Impac Mortgage Holdings Inc. (IMH) Soars 11.16% on January 09

Equities Staff  |

Impac Mortgage Holdings Inc. (IMH) had a good day on the market for Wednesday January 09 as shares jumped 11.16% to close at $4.78. About 36,019 shares traded hands on 293 trades for the day, compared with an average daily volume of 38,180 shares out of a total float of 21.12 million. After opening the trading day at $4.38, shares of Impac Mortgage Holdings Inc. stayed within a range of $4.95 to $4.38.

With today's gains, Impac Mortgage Holdings Inc. now has a market cap of $100.94 million. Shares of Impac Mortgage Holdings Inc. have been trading within a range of $10.64 and $2.93 over the last year, and it had a 50-day SMA of $4.23 and a 200-day SMA of $7.26.

Impac Mortgage Holdings Inc is an independent residential mortgage lender. The company's segments include Mortgage Lending, Real Estate Services, and the Long-Term Mortgage Portfolio. Mortgage lending segment provides mortgage lending products through three lending channels, retail, wholesale and correspondent, retains mortgage servicing rights and provides warehouse lending facilities. Real estate services segment performs master servicing and provides loss mitigation services for securitized long-term mortgage portfolio, and Long-term mortgage portfolio consists of residual interests in securitization trusts. It generates its revenue from the Mortgage Lending Segment.

Impac Mortgage Holdings Inc. is based out of Irvine, CA and has some 568 employees. Its CEO is George A. Mangiaracina.

For a complete fundamental analysis of Impac Mortgage Holdings Inc., check out Equities.com’s Stock Valuation Analysis report for IMH.

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Impac Mortgage Holdings Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Impac Mortgage Holdings Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: IMH’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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