Terrestrial Energy (NASDAQ:IMSR) Trading Down 10.5% – What’s Next?

Terrestrial Energy Inc. (NASDAQ:IMSR)’s share price was down 10.5% during trading on Tuesday . The stock traded as low as $5.98 and last traded at $5.9130. 502,645 shares changed hands during trading, a decline of 82% from the average daily volume of 2,831,901 shares. The stock had previously closed at $6.61.

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 assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $13.50.

Terrestrial Energy Trading Down 9.0%

The stock has a market capitalization of $637.17 million, a price-to-earnings ratio of -60.26 and a beta of 2.24. The company’s 50 day moving average is $7.53.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IMSR. Flax Pond Capital LLC bought a new stake in Terrestrial Energy in the first quarter worth $96,000. Bank of New York Mellon Corp bought a new position in Terrestrial Energy during the first quarter valued at about $102,000. California State Teachers Retirement System bought a new position in Terrestrial Energy during the first quarter valued at about $188,000. Swiss National Bank acquired a new stake in shares of Terrestrial Energy in the first quarter worth about $340,000. Finally, Yorkville Advisors Global LP acquired a new stake in shares of Terrestrial Energy in the first quarter worth about $733,000.

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.