Terrestrial Energy (NASDAQ:IMSR) Shares Down 8.6% – Time to Sell?

Terrestrial Energy Inc. (NASDAQ:IMSR)’s stock price fell 8.6% during mid-day trading on Monday . The company traded as low as $5.41 and last traded at $5.3850. 1,009,290 shares traded hands during trading, a decline of 64% from the average daily volume of 2,804,704 shares. The stock had previously closed at $5.89.

Wall Street Analyst Weigh In

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

Terrestrial Energy Stock Performance

The company has a market capitalization of $566.22 million, a PE ratio of -53.46 and a beta of 2.24. The stock has a 50 day moving average price of $7.42 and a two-hundred day moving average price of $7.54.

Terrestrial Energy (NASDAQ:IMSR) last announced its quarterly earnings results on Monday, March 30th. The company reported ($0.50) EPS for the quarter. Sell-side analysts predict that Terrestrial Energy Inc. will post -0.46 earnings per share for the current year.

Institutional Trading of Terrestrial Energy

Several large investors have recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC acquired a new position in shares of Terrestrial Energy during the 2nd quarter worth $106,000. Flax Pond Capital LLC acquired a new stake in shares of Terrestrial Energy in the 1st quarter valued at $96,000. Bank of New York Mellon Corp bought a new stake in Terrestrial Energy in the first quarter worth $102,000. California State Teachers Retirement System bought a new stake in Terrestrial Energy in the first quarter worth $188,000. Finally, Swiss National Bank acquired a new position in Terrestrial Energy during the first quarter worth $340,000.

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.