Terrestrial Energy (NASDAQ:IMSR) Shares Down 6.8% – Should You Sell?

Terrestrial Energy Inc. (NASDAQ:IMSR) shares were down 6.8% on Monday . The stock traded as low as $5.48 and last traded at $5.4250. Approximately 738,422 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 2,717,871 shares. The stock had previously closed at $5.82.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Terrestrial Energy in a research report on Friday. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $13.50.

Terrestrial Energy Price Performance

The company’s fifty day simple moving average is $6.47 and its two-hundred day simple moving average is $7.08. The stock has a market cap of $577.95 million, a price-to-earnings ratio of -54.55 and a beta of 2.39.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of IMSR. Valeo Financial Advisors LLC purchased a new stake in Terrestrial Energy in the 2nd quarter valued at $106,000. Flax Pond Capital LLC bought a new stake in shares of Terrestrial Energy in the 1st quarter worth $96,000. Bank of New York Mellon Corp purchased a new stake in shares of Terrestrial Energy in the second quarter valued at about $120,000. California State Teachers Retirement System bought a new position in shares of Terrestrial Energy during the first quarter valued at about $188,000. Finally, Swiss National Bank bought a new position in shares of Terrestrial Energy during the 1st quarter worth approximately $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.