Shares of Terrestrial Energy Inc. (NASDAQ:IMSR – Get Free Report) traded up 7.1% during trading on Thursday . The stock traded as high as $7.52 and last traded at $7.6270. 595,737 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 2,768,271 shares. The stock had previously closed at $7.12.
Analyst Ratings Changes
A number of brokerages have recently weighed in on IMSR. Zacks Research upgraded shares of Terrestrial Energy to a “hold” rating in a report on Friday, January 30th. Northland Securities began coverage on shares of Terrestrial Energy in a research note on Thursday, January 29th. They set an “outperform” rating and a $15.00 price target on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Terrestrial Energy in a research note on Monday. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $13.50.
View Our Latest Stock Analysis on IMSR
Terrestrial Energy Stock Up 16.7%
Terrestrial Energy (NASDAQ:IMSR – Get Free Report) last issued its earnings results on Monday, March 30th. The company reported ($0.50) earnings per share for the quarter. As a group, research analysts predict that Terrestrial Energy Inc. will post -0.45 EPS for the current fiscal year.
Institutional Trading of Terrestrial Energy
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp purchased a new position in Terrestrial Energy in the first quarter valued at about $102,000. Swiss National Bank purchased a new stake in shares of Terrestrial Energy in the first quarter valued at about $340,000. Finally, Yorkville Advisors Global LP purchased a new position in shares of Terrestrial Energy during the first quarter valued at approximately $733,000.
About Terrestrial Energy
Terrestrial Energy Inc produces carbon free nuclear energy in North Carolina and internationally. The company was founded in 2013 and is headquartered in Charlotte, North Carolina.
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