Immersion (IMMR) Scheduled to Post Quarterly Earnings on Thursday
Immersion (NASDAQ:IMMR) is set to announce its earnings results after the market closes on Thursday, February 22nd. Analysts expect the company to announce earnings of ($0.18) per share for the quarter.
Immersion (IMMR) opened at $10.18 on Thursday. Immersion has a 1-year low of $5.76 and a 1-year high of $11.85. The company has a market capitalization of $283.74, a PE ratio of -4.16, a P/E/G ratio of 1.85 and a beta of 1.82.
In other news, major shareholder Raging Capital Management, Llc acquired 154,997 shares of Immersion stock in a transaction dated Friday, December 1st. The stock was bought at an average price of $7.27 per share, for a total transaction of $1,126,828.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have bought 1,432,482 shares of company stock valued at $10,166,370. Corporate insiders own 7.22% of the company’s stock.
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Immersion Corporation is a licensing company focused on the creation, design, development and licensing of haptic technologies that allow people to use their sense of touch when operating digital devices. The Company develops, licenses and supports a range of software and intellectual property (IP). It is focused on the markets, including mobile devices, wearables, consumer, mobile entertainment and other content; console gaming; automotive; medical, and commercial.
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