Terrestrial Energy (NASDAQ:IMSR) Trading Down 8.6% – Here’s What Happened

Terrestrial Energy Inc. (NASDAQ:IMSR) shares fell 8.6% on Monday . The company traded as low as $5.41 and last traded at $5.3850. 1,009,290 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 2,804,704 shares. The stock had previously closed at $5.89.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Terrestrial Energy in a research note on Monday, May 11th. Two investment 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 data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $13.50.

Terrestrial Energy Stock Performance

The firm’s 50 day simple moving average is $7.42 and its 200-day simple moving average is $7.54. The company has a market capitalization of $566.22 million, a price-to-earnings ratio of -53.46 and a beta of 2.24.

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

Institutional Investors Weigh In On Terrestrial Energy

Institutional investors have recently bought and sold shares of the business. Valeo Financial Advisors LLC purchased a new position in Terrestrial Energy during the 2nd quarter valued at about $106,000. Flax Pond Capital LLC acquired a new stake in shares of Terrestrial Energy during the first quarter worth approximately $96,000. Bank of New York Mellon Corp acquired a new stake in shares of Terrestrial Energy during the first quarter worth approximately $102,000. California State Teachers Retirement System purchased a new position in Terrestrial Energy during the first quarter valued at approximately $188,000. Finally, Swiss National Bank purchased a new position in Terrestrial Energy during the first quarter valued at 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.