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Immersion Corp (IMMR) Shares Cross Below Book Value
By Market News Video Staff, Tuesday, August 17, 12:31 PM ET
In trading on Tuesday, shares of Immersion Corp (NASDAQ:IMMR) crossed below their last reported book value — defined as common shareholder equity per share — of $7.00, changing hands as low as $6.49 per share. Immersion Corp shares are currently trading down about 9.5% on the day. The chart below shows the one year performance of IMMR shares, versus its 50 and 200 day moving averages:
Looking at the chart above, IMMR's low point in its 52 week range is $6.10 per share, with $16.64 as the 52 week high point — that compares with a last trade of $6.56.
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The Importance of Book Value
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