Terrestrial Energy (NASDAQ:IMSR) Trading Down 7.1% – What’s Next?

Terrestrial Energy Inc. (NASDAQ:IMSR) shares fell 7.1% during mid-day trading on Monday . The company traded as low as $7.82 and last traded at $7.9090. Approximately 911,403 shares changed hands during trading, a decline of 69% from the average daily volume of 2,911,591 shares. The stock had previously closed at $8.51.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Terrestrial Energy in a research report on Monday, May 11th. 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 company. According to MarketBeat, Terrestrial Energy presently has an average rating of “Hold” and an average price target of $13.50.

Terrestrial Energy Stock Down 6.5%

The firm has a market cap of $843.10 million, a P/E ratio of -79.65 and a beta of 2.07. The firm has a fifty day moving average price of $7.57.

Terrestrial Energy (NASDAQ:IMSR) last released its quarterly earnings data on Monday, March 30th. The company reported ($0.50) earnings per share for the quarter. Analysts anticipate that Terrestrial Energy Inc. will post -0.46 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted its holdings in shares of Terrestrial Energy by 96.0% in the first quarter. Bank of America Corp DE now owns 132,750 shares of the company’s stock valued at $797,000 after buying an additional 65,021 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Terrestrial Energy during the first quarter worth $102,000. California State Teachers Retirement System acquired a new stake in shares of Terrestrial Energy during the first quarter worth $188,000. Renaissance Technologies LLC lifted its position in Terrestrial Energy by 136.1% in the 1st quarter. Renaissance Technologies LLC now owns 407,900 shares of the company’s stock valued at $2,449,000 after acquiring an additional 235,100 shares in the last quarter. Finally, Swiss National Bank bought a new stake in Terrestrial Energy in the 1st quarter valued at $340,000.

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.