Immersion Corporation (IMMR) Drops 5.9% on January 19

Equities Staff |

Immersion Corporation (IMMR) was one of the Russell 2000's biggest losers for Tuesday January 19 as the stock slid 5.9% to $7.65, a loss of $-0.48 per share. Starting at an opening price of $8.22 a share, the stock traded between $7.56 and $8.48 over the course of the trading day. Volume was 176,305 shares over 1,721 trades, against an average daily volume of 213,240 shares and a total float of 28.28 million.

The losses send Immersion Corporation down to a market cap of $216.38 million. In the last year, Immersion Corporation has traded between $14.45 and $7.71, and its 50-day SMA is currently $11.91 and 200-day SMA is $11.77.

The stock has a P/E Ratio of 81.3.

Immersion Corp is a software licensing company. It is engaged in creation, design, development, and licensing of patented haptic innovations and software that allow people to use their sense of touch more fully when operating digital devices.

Immersion Corporation is based out of San Jose, CA and has some 141 employees. Its CEO is Victor Viegas.

For a complete fundamental analysis analysis of Immersion Corporation, check out Equities.com’s Stock Valuation Analysis report for IMMR. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Star Navigation Systems Group Ltd.

Star Navigation Systems Group Ltd is engaged in the development, marketing and promotion of in-flight safety monitoring systems.

Private Markets

MyForce, Inc.

As parents, we constantly worry about the safety of our loved ones. The media bombards us with incidents from across the nation school shootings, frequent assaults on campuses, and crimes…

Initial State

Initial State is an Internet of Things (IoT) data analytics & data management platform company. We turn sensor and event data into information that matters by making it easy to…