Immersion (NASDAQ:IMMR – Get Free Report) issued its quarterly earnings data on Wednesday. The software maker reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.33, Zacks reports. Immersion had a net margin of 11.79% and a return on equity of 28.08%.
Immersion Trading Up 1.6 %
Shares of Immersion stock opened at $7.88 on Wednesday. The stock has a market capitalization of $254.46 million, a P/E ratio of 2.80 and a beta of 1.55. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 1.65. The stock’s 50-day simple moving average is $8.38 and its 200 day simple moving average is $8.64. Immersion has a 52-week low of $7.06 and a 52-week high of $13.94.
Wall Street Analyst Weigh In
Separately, BWS Financial reissued a “buy” rating and issued a $13.50 price target on shares of Immersion in a report on Wednesday, February 5th.
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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