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

Terrestrial Energy Inc. (NASDAQ:IMSRGet 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%

The business’s 50 day simple moving average is $7.35 and its 200 day simple moving average is $7.52. The firm has a market capitalization of $547.76 million, a PE ratio of -51.66 and a beta of 2.24.

Terrestrial Energy (NASDAQ:IMSRGet 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

(Get Free Report)

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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