Terrestrial Energy Inc. (NASDAQ:IMSR – Get Free Report)’s stock price fell 8.9% on Wednesday . The company traded as low as $8.72 and last traded at $8.75. 2,013,349 shares changed hands during trading, a decline of 31% from the average session volume of 2,934,988 shares. The stock had previously closed at $9.60.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Terrestrial Energy in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.50.
Check Out Our Latest Analysis on IMSR
Terrestrial Energy Stock Down 9.6%
Terrestrial Energy (NASDAQ:IMSR – Get Free Report) last posted its earnings results on Monday, March 30th. The company reported ($0.50) EPS for the quarter. Equities analysts expect that Terrestrial Energy Inc. will post -0.46 EPS for the current fiscal year.
Hedge Funds Weigh In On Terrestrial Energy
A number of hedge funds and other institutional investors have recently bought and sold shares of IMSR. Flax Pond Capital LLC purchased a new position in shares of Terrestrial Energy in the 1st quarter worth about $96,000. Bank of New York Mellon Corp purchased a new stake in shares of Terrestrial Energy in the 1st quarter valued at $102,000. California State Teachers Retirement System purchased a new stake in shares of Terrestrial Energy in the 1st quarter valued at $188,000. Swiss National Bank purchased a new stake in Terrestrial Energy during the 1st quarter valued at about $340,000. Finally, Yorkville Advisors Global LP purchased a new stake in Terrestrial Energy during the 1st quarter valued at about $733,000.
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.
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