Terrestrial Energy (NASDAQ:IMSR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Terrestrial Energy (NASDAQ:IMSR) from a strong sell rating to a sell rating in a report published on Saturday morning.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Terrestrial Energy in a report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $13.50.

Terrestrial Energy Stock Performance

NASDAQ:IMSR opened at $5.82 on Friday. The stock has a fifty day moving average price of $6.13 and a two-hundred day moving average price of $6.85. The stock has a market capitalization of $616.51 million, a price-to-earnings ratio of -58.20 and a beta of 2.39. Terrestrial Energy has a 1 year low of $4.38 and a 1 year high of $31.50.

Terrestrial Energy (NASDAQ:IMSR) last released its earnings results on Tuesday, August 11th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. On average, analysts predict that Terrestrial Energy will post -0.44 EPS for the current year.

Hedge Funds Weigh In On Terrestrial Energy

Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in Terrestrial Energy during the second quarter worth $120,000. Valeo Financial Advisors LLC purchased a new stake in Terrestrial Energy during the second quarter worth $106,000. FNY Investment Advisers LLC grew its holdings in Terrestrial Energy by 129.2% in the second quarter. FNY Investment Advisers LLC now owns 151,650 shares of the company’s stock valued at $1,073,000 after purchasing an additional 85,490 shares during the last quarter. Flax Pond Capital LLC acquired a new stake in Terrestrial Energy in the first quarter valued at $96,000. Finally, Bank of America Corp DE grew its holdings in 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 purchasing an additional 65,021 shares during the last quarter.

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.