Impac Mortgage Holdings Inc. (IMH) Soars 14.75% on December 27

Impac Mortgage Holdings Inc. (IMH) Soars 14.75% on December 27

Impac Mortgage Holdings Inc. (IMH) had a good day on the market for Thursday December 27 as shares jumped 14.75% to close at $3.50. About 101,357 shares traded hands on 378 trades for the day, compared with an average daily volume of 35,143 shares out of a total float of 21.12 million. After opening the trading day at $3.05, shares of Impac Mortgage Holdings Inc. stayed within a range of $3.50 to $2.93.

With today’s gains, Impac Mortgage Holdings Inc. now has a market cap of $73.91 million. Shares of Impac Mortgage Holdings Inc. have been trading within a range of $11.38 and $3.05 over the last year, and it had a 50-day SMA of $4.67 and a 200-day SMA of $7.47.

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.

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