Immersion (NASDAQ:IMMR – Get Free Report) posted its earnings results on Wednesday. The software maker reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate 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 Price Performance
IMMR stock opened at $7.80 on Thursday. 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 52 week low of $7.06 and a 52 week high of $13.94. The firm’s fifty day moving average is $8.36 and its 200 day moving average is $8.63. The firm has a market cap of $251.75 million, a P/E ratio of 2.79 and a beta of 1.55.
Analysts Set New Price Targets
Separately, BWS Financial reiterated a “buy” rating and issued a $13.50 target price on shares of Immersion in a research note 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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