Terrestrial Energy Inc. (NASDAQ:IMSR – Get Free Report)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $5.22 and last traded at $5.1950, with a volume of 505325 shares trading hands. The stock had previously closed at $5.36.
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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $13.50.
Check Out Our Latest Report on IMSR
Terrestrial Energy Trading Down 3.5%
Terrestrial Energy (NASDAQ:IMSR – Get Free Report) last announced its earnings results on Monday, March 30th. The company reported ($0.50) earnings per share (EPS) for the quarter. Analysts forecast that Terrestrial Energy Inc. will post -0.46 earnings per share for the current year.
Hedge Funds Weigh In On Terrestrial Energy
Several large 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 $102,000. Valeo Financial Advisors LLC bought a new position in Terrestrial Energy during the second quarter valued at $106,000. California State Teachers Retirement System purchased a new stake in shares of Terrestrial Energy in the first quarter valued at $188,000. Finally, Swiss National Bank purchased a new stake in shares of Terrestrial Energy in the first quarter valued at $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.
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