Immersion (NASDAQ:IMMR – Get Free Report) issued its earnings results on Monday. The software maker reported $0.36 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $650.17 million during the quarter. Immersion had a return on equity of 8.90% and a net margin of 2.18%.
Immersion Stock Performance
IMMR stock traded up $0.18 during midday trading on Wednesday, reaching $5.98. The stock had a trading volume of 115,088 shares, compared to its average volume of 420,844. The stock has a market cap of $196.96 million, a PE ratio of 4.70 and a beta of 0.94. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.08 and a current ratio of 2.23. The firm has a fifty day simple moving average of $6.04 and a two-hundred day simple moving average of $6.50. Immersion has a 52-week low of $5.25 and a 52-week high of $8.15.
Immersion Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Monday, April 20th will be paid a $0.075 dividend. The ex-dividend date is Monday, April 20th. This represents a $0.30 dividend on an annualized basis and a yield of 5.0%. Immersion’s dividend payout ratio (DPR) is 23.62%.
Institutional Investors Weigh In On Immersion
About Immersion
Immersion Corporation is a technology company specializing in the development and licensing of haptic feedback solutions. The company’s proprietary software and hardware technologies enable devices to simulate the sense of touch, enhancing user experiences across a range of electronic products. Immersion’s core offerings include touch-feedback algorithms, software development kits, and reference designs that can be integrated into smartphones, gaming controllers, wearable devices, automotive infotainment systems, medical simulators and virtual or augmented reality platforms.
Since its founding in 1993, Immersion has built an extensive intellectual property portfolio of more than 950 issued patents worldwide.
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