Terrestrial Energy Inc. (NASDAQ:IMSR – Get Free Report) fell 8.6% during trading on Monday . The stock 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.
Analysts Set New Price Targets
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 issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $13.50.
Terrestrial Energy Trading Down 0.6%
Terrestrial Energy (NASDAQ:IMSR – Get Free Report) last issued its quarterly earnings results on Monday, March 30th. The company reported ($0.50) earnings per share for the quarter. Equities analysts expect that Terrestrial Energy Inc. will post -0.46 EPS for the current fiscal year.
Institutional Trading of Terrestrial Energy
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC lifted its position 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 acquiring an additional 235,100 shares during the period. Yorkville Advisors Global LP purchased a new stake in Terrestrial Energy in the first quarter worth about $733,000. FNY Investment Advisers LLC grew its holdings in Terrestrial Energy by 129.2% in the second 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 period. Bank of America Corp DE increased its stake in shares of Terrestrial Energy by 96.0% during 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 in the last quarter. Finally, Swiss National Bank purchased a new position in shares of 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.
Featured Stories
- Five stocks we like better than Terrestrial Energy
- Tower Semiconductor’s AI Rally Is Built on a Light-Speed Bet
- Marriott vs. Viking: Why the Better Quarter Doesn’t Mean the Better Decade
- Why Fastenal’s Latest Drop Could Be Its Biggest Opportunity Yet
- 3 Overlooked Energy ETFs Delivering Strong Returns and Income
Receive News & Ratings for Terrestrial Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terrestrial Energy and related companies with MarketBeat.com's FREE daily email newsletter.
