Terrestrial Energy (NASDAQ:IMSR) Trading Down 10.5% – Time to Sell?

Terrestrial Energy Inc. (NASDAQ:IMSR)’s share price was down 10.5% during trading on Tuesday . The stock traded as low as $5.98 and last traded at $5.9130. Approximately 502,645 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 2,831,901 shares. The stock had previously closed at $6.61.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Terrestrial Energy in a research report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $13.50.

Terrestrial Energy Stock Up 0.3%

The business’s 50-day moving average price is $7.46 and its 200-day moving average price is $7.56. The firm has a market capitalization of $634.52 million, a PE ratio of -59.90 and a beta of 2.24.

Terrestrial Energy (NASDAQ:IMSR) last posted its quarterly earnings results on Monday, March 30th. The company reported ($0.50) EPS for the quarter. On average, analysts anticipate that Terrestrial Energy Inc. will post -0.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Terrestrial Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Valeo Financial Advisors LLC purchased a new stake in shares of Terrestrial Energy during the second quarter worth $106,000. Flax Pond Capital LLC purchased a new position in Terrestrial Energy in the first quarter valued at about $96,000. Bank of New York Mellon Corp purchased a new position in Terrestrial Energy in the first quarter valued at about $102,000. California State Teachers Retirement System acquired a new position in Terrestrial Energy in the 1st quarter worth about $188,000. Finally, Swiss National Bank acquired a new position in Terrestrial Energy in the 1st quarter worth about $340,000.

Terrestrial Energy Company Profile

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.