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

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on IMSR. Zacks Research raised Terrestrial Energy to a “hold” rating in a research report on Friday, January 30th. Northland Securities began coverage on Terrestrial Energy in a research report on Thursday, January 29th. They set an “outperform” rating and a $15.00 target price on the stock. Two 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.com, the stock currently has a consensus rating of “Hold” and an average target price of $13.50.

Terrestrial Energy Stock Down 14.3%

The business has a 50-day moving average price of $6.78.

Hedge Funds Weigh In On Terrestrial Energy

A hedge fund recently bought a new stake in Terrestrial Energy stock. Bank of New York Mellon Corp acquired a new stake in Terrestrial Energy Inc. (NASDAQ:IMSR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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.