Terrestrial Energy (NASDAQ:IMSR) Shares Up 9.9% – Time to Buy?

Terrestrial Energy Inc. (NASDAQ:IMSR) shares shot up 9.9% during mid-day trading on Tuesday . The company traded as high as $5.26 and last traded at $5.3390. Approximately 448,903 shares traded hands during trading, a decline of 84% from the average session volume of 2,772,292 shares. The stock had previously closed at $4.86.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Terrestrial Energy in a research note 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $13.50.

Terrestrial Energy Trading Up 10.8%

The firm has a market cap of $570.22 million, a P/E ratio of -53.75 and a beta of 2.24. The company has a fifty day moving average price of $7.12 and a two-hundred day moving average price of $7.47.

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

Institutional Investors Weigh In On Terrestrial Energy

Several institutional investors have recently added to or reduced their stakes in the stock. Flax Pond Capital LLC acquired a new stake in shares of Terrestrial Energy in the 1st quarter valued at about $96,000. Bank of New York Mellon Corp acquired a new stake in Terrestrial Energy in the 1st quarter valued at approximately $102,000. Valeo Financial Advisors LLC acquired a new stake in Terrestrial Energy in the 2nd quarter valued at approximately $106,000. California State Teachers Retirement System bought a new stake in Terrestrial Energy in the 1st quarter valued at approximately $188,000. Finally, Swiss National Bank acquired a new stake in shares of Terrestrial Energy in the first quarter valued at about $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.