Terrestrial Energy (NASDAQ:IMSR) Hits New 12-Month Low – Time to Sell?

Terrestrial Energy Inc. (NASDAQ:IMSR)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as $5.22 and last traded at $5.1950, with a volume of 505325 shares changing hands. The stock had previously closed at $5.36.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Terrestrial Energy in a research report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s 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 Trading Down 3.5%

The company has a 50-day simple moving average of $7.35 and a 200 day simple moving average of $7.52. The company has a market cap of $547.76 million, a P/E ratio of -51.66 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 for the quarter. On average, equities analysts forecast that Terrestrial Energy Inc. will post -0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Terrestrial Energy

Several large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its stake in Terrestrial Energy by 136.1% in the 1st quarter. Renaissance Technologies LLC now owns 407,900 shares of the company’s stock worth $2,449,000 after acquiring an additional 235,100 shares in the last quarter. FNY Investment Advisers LLC raised its stake in shares of 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 in the last quarter. Bank of America Corp DE boosted its holdings 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 purchasing an additional 65,021 shares during the period. Yorkville Advisors Global LP purchased a new stake in shares of Terrestrial Energy in the first quarter valued at approximately $733,000. Finally, Swiss National Bank bought a new position in Terrestrial Energy in the first quarter worth 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.