Immersion (NASDAQ:IMMR) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Immersion Corporation (NASDAQ:IMMR) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.37 and traded as high as $6.66. Immersion shares last traded at $6.64, with a volume of 391,644 shares.

Analyst Ratings Changes

IMMR has been the topic of a number of research analyst reports. Zacks Research upgraded Immersion to a “hold” rating in a research note on Friday, May 8th. Weiss Ratings downgraded Immersion from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Finally, Wall Street Zen downgraded Immersion from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Immersion currently has a consensus rating of “Hold” and an average target price of $13.50.

Immersion Trading Down 1.5%

The company has a quick ratio of 1.16, a current ratio of 1.83 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average of $6.22 and a 200 day moving average of $6.37. The firm has a market cap of $216.47 million, a PE ratio of 327.00 and a beta of 1.03.

Immersion (NASDAQ:IMMR) last posted its quarterly earnings data on Friday, May 1st. The software maker reported ($0.31) EPS for the quarter. Immersion had a negative net margin of 0.97% and a negative return on equity of 4.54%. The firm had revenue of $518.49 million during the quarter. Equities analysts anticipate that Immersion Corporation will post -0.04 earnings per share for the current year.

Immersion Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Monday, April 20th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Monday, April 20th. This represents a $0.30 dividend on an annualized basis and a yield of 4.6%. Immersion’s payout ratio is presently 1,500.00%.

Institutional Investors Weigh In On Immersion

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its holdings in Immersion by 677.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,738 shares of the software maker’s stock valued at $61,000 after acquiring an additional 6,743 shares during the period. Russell Investments Group Ltd. raised its holdings in Immersion by 85.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,429 shares of the software maker’s stock valued at $33,000 after acquiring an additional 2,041 shares during the period. Bank of America Corp DE raised its holdings in Immersion by 175.1% during the 1st quarter. Bank of America Corp DE now owns 82,127 shares of the software maker’s stock valued at $448,000 after acquiring an additional 52,273 shares during the period. Quantinno Capital Management LP raised its holdings in Immersion by 40.0% during the 1st quarter. Quantinno Capital Management LP now owns 48,999 shares of the software maker’s stock valued at $268,000 after acquiring an additional 14,011 shares during the period. Finally, First Trust Advisors LP raised its holdings in Immersion by 2.1% during the 1st quarter. First Trust Advisors LP now owns 87,899 shares of the software maker’s stock valued at $480,000 after acquiring an additional 1,819 shares during the period. Institutional investors own 60.57% of the company’s stock.

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.