Immersion (NASDAQ:IMMR - Get Free Report) issued its quarterly earnings results on Monday. The software maker reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.68, Zacks reports. Immersion had a return on equity of 27.05% and a net margin of 40.62%.
Immersion Price Performance
NASDAQ:IMMR traded up $0.58 during trading hours on Monday, hitting $9.73. The stock had a trading volume of 2,883,506 shares, compared to its average volume of 690,483. The company has a 50 day simple moving average of $8.69 and a two-hundred day simple moving average of $9.59. The firm has a market capitalization of $314.05 million, a price-to-earnings ratio of 4.75 and a beta of 1.51. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.55 and a quick ratio of 0.72. Immersion has a one year low of $6.54 and a one year high of $13.94.
Immersion Dividend Announcement
The company also recently announced a None dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a $0.245 dividend. The ex-dividend date is Friday, January 10th. Immersion's dividend payout ratio is presently 8.78%.
Analyst Ratings Changes
A number of research firms have recently weighed in on IMMR. BWS Financial increased their target price on shares of Immersion from $11.00 to $13.50 and gave the company a "buy" rating in a research report on Monday, August 26th. StockNews.com upgraded Immersion from a "hold" rating to a "buy" rating in a research note on Thursday, August 29th.
Check Out Our Latest Stock Analysis on Immersion
About Immersion
(
Get Free Report)
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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