Immersion (NASDAQ:IMMR – Get Free Report) issued its quarterly earnings results on Wednesday. The software maker reported $0.47 earnings per share (EPS) for the quarter, beating 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 Stock Up 0.5 %
NASDAQ:IMMR opened at $7.80 on Thursday. The firm has a market cap of $251.75 million, a P/E ratio of 2.79 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. Immersion has a fifty-two week low of $7.06 and a fifty-two week high of $13.94. The firm has a 50-day simple moving average of $8.36 and a two-hundred day simple moving average of $8.63.
Analysts Set New Price Targets
Separately, BWS Financial reissued a “buy” rating and set a $13.50 price target on shares of Immersion in a research report on Wednesday, February 5th.
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.
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