Terrestrial Energy (NASDAQ:IMSR) Shares Down 9.9% – Time to Sell?

Terrestrial Energy Inc. (NASDAQ:IMSR)’s stock price dropped 9.9% during mid-day trading on Thursday . The stock traded as low as $7.75 and last traded at $7.7630. Approximately 1,869,476 shares traded hands during trading, a decline of 32% from the average daily volume of 2,769,431 shares. The stock had previously closed at $8.62.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Zacks Research upgraded Terrestrial Energy to a “hold” rating in a research report on Friday, January 30th. Northland Securities initiated coverage on Terrestrial Energy in a research report on Thursday, January 29th. They issued an “outperform” rating and a $15.00 target price on the stock. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.50.

Terrestrial Energy Stock Down 14.3%

The firm’s 50 day moving average is $6.78.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Terrestrial Energy stock. Bank of New York Mellon Corp acquired a new position in Terrestrial Energy Inc. (NASDAQ:IMSR) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,035 shares of the company’s stock, valued at approximately $102,000.

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.