Immersion Co. Declares None Dividend of $0.25 (NASDAQ:IMMR)

Immersion Co. (NASDAQ:IMMR - Get Free Report) declared a None dividend on Friday, November 8th,Zacks Dividends reports. Investors of record on Friday, January 10th will be paid a dividend of 0.245 per share by the software maker on Friday, January 24th. The ex-dividend date is Friday, January 10th.

Immersion Price Performance

Immersion stock traded up $0.08 during midday trading on Wednesday, reaching $8.66. 1,044,458 shares of the company were exchanged, compared to its average volume of 984,392. The company has a market capitalization of $279.51 million, a price-to-earnings ratio of 4.22 and a beta of 1.50. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.72 and a current ratio of 1.55. The firm's 50-day simple moving average is $8.82 and its 200-day simple moving average is $9.43. Immersion has a 1 year low of $6.54 and a 1 year high of $13.94.

Immersion (NASDAQ:IMMR - Get Free Report) last posted its quarterly earnings data on Monday, December 16th. The software maker reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.68. Immersion had a net margin of 40.62% and a return on equity of 27.05%. On average, analysts anticipate that Immersion will post 1.96 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reaffirmed a "buy" rating and issued a $13.50 price objective on shares of Immersion in a research report on Wednesday, December 18th.

Immersion Company Profile

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.