Terrestrial Energy (NASDAQ:IMSR) Hits New 12-Month Low – Should You Sell?

Terrestrial Energy Inc. (NASDAQ:IMSR) reached a new 52-week low during trading on Wednesday . The stock traded as low as $5.22 and last traded at $5.1950, with a volume of 505325 shares. The stock had previously closed at $5.36.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Terrestrial Energy in a report on Monday, May 11th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Terrestrial Energy presently has an average rating of “Hold” and an average target price of $13.50.

Terrestrial Energy Stock Down 9.1%

The stock has a market capitalization of $499.99 million, a P/E ratio of -47.20 and a beta of 2.24. The firm’s 50 day simple moving average is $7.23 and its two-hundred day simple moving average is $7.49.

Terrestrial Energy (NASDAQ:IMSR) last announced its quarterly earnings data on Monday, March 30th. The company reported ($0.50) earnings per share for the quarter. As a group, equities research analysts expect that Terrestrial Energy Inc. will post -0.46 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IMSR. Renaissance Technologies LLC increased its holdings in shares of Terrestrial Energy by 136.1% during the first 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. Yorkville Advisors Global LP bought a new stake in Terrestrial Energy during the 1st quarter valued at $733,000. FNY Investment Advisers LLC raised its holdings in Terrestrial Energy by 129.2% during the second quarter. FNY Investment Advisers LLC now owns 151,650 shares of the company’s stock worth $1,073,000 after buying an additional 85,490 shares during the last quarter. Bank of America Corp DE raised its holdings in Terrestrial Energy by 96.0% during the first quarter. Bank of America Corp DE now owns 132,750 shares of the company’s stock worth $797,000 after buying an additional 65,021 shares during the last quarter. Finally, Swiss National Bank bought a new position in shares of Terrestrial Energy in the first quarter valued at $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.