Immersion (NASDAQ:IMMR) Issues Quarterly Earnings Results

Immersion (NASDAQ:IMMR) posted its quarterly earnings data on Monday. The software maker reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.68, Zacks reports. Immersion had a net margin of 40.62% and a return on equity of 27.05%.

Immersion Stock Up 4.7 %

Immersion stock opened at $9.58 on Monday. The company’s 50 day simple moving average is $8.67 and its 200 day simple moving average is $9.59. Immersion has a fifty-two week low of $6.54 and a fifty-two week high of $13.94. The firm has a market capitalization of $309.20 million, a price-to-earnings ratio of 4.46 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 Announces Dividend

The company also recently disclosed a None dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be paid a dividend of $0.245 per share. The ex-dividend date of this dividend is Friday, January 10th. Immersion’s payout ratio is 8.78%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. BWS Financial lifted their price target on shares of Immersion from $11.00 to $13.50 and gave the stock a “buy” rating in a research report on Monday, August 26th. StockNews.com upgraded shares of Immersion from a “hold” rating to a “buy” rating in a research report on Thursday, August 29th.

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.