Immersion (NASDAQ:IMMR) is scheduled 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.
Shares of Immersion (NASDAQ IMMR) opened at $10.18 on Thursday. The stock 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. Immersion has a 12-month low of $5.76 and a 12-month high of $11.85.
In other Immersion news, major shareholder Raging Capital Management, Llc purchased 326,366 shares of Immersion stock in a transaction that occurred on Friday, December 15th. The stock was acquired at an average price of $6.58 per share, for a total transaction of $2,147,488.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders purchased 1,432,482 shares of company stock worth $10,166,370. 7.22% of the stock is owned by company insiders.
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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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