Terrestrial Energy (NASDAQ:IMSR) Rating Increased to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Terrestrial Energy (NASDAQ:IMSR) from a strong sell rating to a sell rating in a research note published on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Terrestrial Energy in a research note on Friday, August 7th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Terrestrial Energy currently has a consensus rating of “Hold” and an average target price of $13.50.

Terrestrial Energy Trading Down 2.8%

NASDAQ:IMSR opened at $5.89 on Friday. The firm has a market capitalization of $623.93 million, a PE ratio of -58.90 and a beta of 2.39. Terrestrial Energy has a 1 year low of $4.38 and a 1 year high of $31.50. The firm’s fifty day simple moving average is $6.16 and its 200 day simple moving average is $6.91.

Terrestrial Energy (NASDAQ:IMSR) last released its earnings results on Tuesday, August 11th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. As a group, analysts anticipate that Terrestrial Energy will post -0.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Terrestrial Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its stake in Terrestrial Energy by 136.1% during the 1st quarter. Renaissance Technologies LLC now owns 407,900 shares of the company’s stock valued at $2,449,000 after purchasing an additional 235,100 shares during the last quarter. Yorkville Advisors Global LP bought a new stake in Terrestrial Energy in the 1st quarter valued at $733,000. FNY Investment Advisers LLC grew its position in Terrestrial Energy by 129.2% in the 2nd quarter. FNY Investment Advisers LLC now owns 151,650 shares of the company’s stock worth $1,073,000 after purchasing an additional 85,490 shares during the last quarter. Bank of America Corp DE grew its position in Terrestrial Energy by 96.0% in the 1st quarter. Bank of America Corp DE now owns 132,750 shares of the company’s stock worth $797,000 after purchasing an additional 65,021 shares during the last quarter. Finally, Swiss National Bank acquired a new stake in Terrestrial Energy in the 1st quarter worth $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.