Immersion Co. (NASDAQ:IMMR) Announces Quarterly Dividend of $0.05

Immersion Co. (NASDAQ:IMMR - Get Free Report) announced a quarterly dividend on Thursday, March 13th, Wall Street Journal reports. Stockholders of record on Monday, April 14th will be paid a dividend of 0.045 per share by the software maker on Friday, April 25th. This represents a $0.18 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Monday, April 14th.

Immersion Price Performance

Shares of NASDAQ:IMMR traded down $0.36 on Thursday, hitting $7.44. The company had a trading volume of 1,037,631 shares, compared to its average volume of 522,942. The company has a current ratio of 1.65, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. Immersion has a 52-week low of $7.06 and a 52-week high of $13.94. The business has a 50 day moving average of $8.36 and a 200 day moving average of $8.63. The company has a market cap of $240.13 million, a PE ratio of 2.66 and a beta of 1.55.

Immersion (NASDAQ:IMMR - Get Free Report) last announced its quarterly earnings results on Wednesday, March 12th. The software maker reported $0.47 EPS for the quarter, topping the consensus estimate of $0.14 by $0.33. Immersion had a return on equity of 28.08% and a net margin of 11.79%. The company had revenue of $474.76 million during the quarter, compared to analyst estimates of $9.45 million. As a group, equities analysts anticipate that Immersion will post 1.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on IMMR. BWS Financial reissued a "buy" rating and issued a $13.50 price target on shares of Immersion in a report on Thursday. Craig Hallum reduced their price target on Immersion from $14.00 to $11.00 and set a "buy" rating for the company in a report on Thursday.

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About Immersion

Immersion Corporation, together with its subsidiaries, engages in the creation, design, development, and licensing of haptic technologies that allow people to use their sense of touch to engage with and experience various digital products in North America, Europe, and Asia. The company provides technology, patent, and combined licenses.

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