Terrestrial Energy (NASDAQ:IMSR) Trading Down 7.6% – What’s Next?

Terrestrial Energy Inc. (NASDAQ:IMSR)’s share price dropped 7.6% on Thursday . The stock traded as low as $5.24 and last traded at $5.26. Approximately 472,794 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 2,637,909 shares. The stock had previously closed at $5.69.

Analysts Set New Price Targets

Several brokerages have recently commented on IMSR. Wall Street Zen upgraded Terrestrial Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Terrestrial Energy in a research note on Friday, August 7th. Two equities 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $13.50.

Terrestrial Energy Stock Performance

The firm has a market cap of $550.84 million, a PE ratio of -27.37 and a beta of 2.39. The firm has a fifty day simple moving average of $6.08 and a two-hundred day simple moving average of $6.79.

Terrestrial Energy (NASDAQ:IMSR) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. Equities analysts forecast that Terrestrial Energy Inc. will post -0.44 EPS for the current fiscal year.

Institutional Trading of Terrestrial Energy

A number of large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp purchased a new stake in Terrestrial Energy during the 2nd quarter valued at $120,000. Valeo Financial Advisors LLC bought a new position in Terrestrial Energy during the second quarter valued at $106,000. FNY Investment Advisers LLC increased its position in Terrestrial Energy by 129.2% during the second quarter. FNY Investment Advisers LLC now owns 151,650 shares of the company’s stock valued at $1,073,000 after acquiring an additional 85,490 shares during the last quarter. Flax Pond Capital LLC purchased a new stake in shares of Terrestrial Energy in the first quarter valued at $96,000. Finally, Bank of America Corp DE raised its stake 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 acquiring an additional 65,021 shares during the period.

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.