Terrestrial Energy (NASDAQ:IMSR) Stock Rating Upgraded by Wall Street Zen

Terrestrial Energy (NASDAQ:IMSR) was upgraded by equities research analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a report issued on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Terrestrial Energy in a report on Friday, August 7th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $13.50.

Terrestrial Energy Price Performance

NASDAQ:IMSR opened at $5.89 on Friday. The firm has a 50 day simple moving average of $6.16 and a 200-day simple moving average of $6.88. The firm has a market cap of $623.93 million, a PE ratio of -58.90 and a beta of 2.39. Terrestrial Energy has a 1-year low of $4.38 and a 1-year high of $31.50.

Terrestrial Energy (NASDAQ:IMSR) last announced its earnings results on Tuesday, August 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. As a group, sell-side analysts expect that Terrestrial Energy will post -0.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in IMSR. Flax Pond Capital LLC acquired a new position in Terrestrial Energy in the first quarter valued at $96,000. Bank of New York Mellon Corp acquired a new stake in Terrestrial Energy during the first quarter worth about $102,000. Valeo Financial Advisors LLC acquired a new stake in Terrestrial Energy during the second quarter worth about $106,000. California State Teachers Retirement System purchased a new position in shares of Terrestrial Energy in the 1st quarter worth about $188,000. Finally, Swiss National Bank purchased a new position in shares of Terrestrial Energy in the 1st quarter worth about $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.