Terrestrial Energy (NASDAQ:IMSR) Stock Price Down 7.6% – Should You Sell?

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on IMSR shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Terrestrial Energy in a research report on Friday, August 7th. Wall Street Zen raised Terrestrial Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $13.50.

Terrestrial Energy Trading Up 5.7%

The stock’s 50-day moving average price is $6.00 and its 200-day moving average price is $6.75. The company has a market capitalization of $590.03 million, a P/E ratio of -29.32 and a beta of 2.39.

Terrestrial Energy (NASDAQ:IMSR) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. Sell-side analysts expect that Terrestrial Energy Inc. will post -0.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Terrestrial Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Valeo Financial Advisors LLC bought a new position in shares of Terrestrial Energy during the second quarter valued at approximately $106,000. Flax Pond Capital LLC bought a new stake in shares of Terrestrial Energy in the 1st quarter worth approximately $96,000. Bank of New York Mellon Corp acquired a new position in Terrestrial Energy during the 2nd quarter valued at approximately $120,000. California State Teachers Retirement System acquired a new position in Terrestrial Energy during the 1st quarter valued at approximately $188,000. Finally, Swiss National Bank acquired a new position in Terrestrial Energy during the 1st 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.