Immersion Corporation (NASDAQ:IMMR – Get Free Report) announced a quarterly dividend on Thursday, July 2nd. Stockholders of record on Monday, July 20th will be paid a dividend of 0.075 per share by the software maker on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, July 20th.
Immersion Stock Performance
Shares of IMMR stock remained flat at $6.78 on Friday. 436,912 shares of the company traded hands, compared to its average volume of 633,590. The stock has a market cap of $224.42 million, a PE ratio of 339.00 and a beta of 1.02. The firm’s 50 day moving average is $6.45 and its two-hundred day moving average is $6.35. The company has a quick ratio of 1.16, a current ratio of 1.83 and a debt-to-equity ratio of 0.25. Immersion has a 52 week low of $5.25 and a 52 week high of $8.15.
Immersion (NASDAQ:IMMR – Get Free Report) last posted its quarterly earnings data on Friday, May 1st. The software maker reported ($0.31) earnings per share (EPS) for the quarter. Immersion had a negative return on equity of 4.54% and a negative net margin of 0.97%.The firm had revenue of $518.49 million during the quarter. As a group, sell-side analysts anticipate that Immersion will post -0.04 earnings per share for the current fiscal year.
Immersion Company Profile
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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