Terrestrial Energy Inc. (NASDAQ:IMSR – Get Free Report) shares rose 9.9% during trading on Tuesday . The stock traded as high as $5.26 and last traded at $5.3390. 448,903 shares changed hands during trading, a decline of 84% from the average session volume of 2,772,292 shares. The stock had previously closed at $4.86.
Analyst Ratings Changes
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Terrestrial Energy in a research report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $13.50.
Read Our Latest Research Report on Terrestrial Energy
Terrestrial Energy Price Performance
Terrestrial Energy (NASDAQ:IMSR – Get Free Report) last announced its quarterly earnings data on Monday, March 30th. The company reported ($0.50) earnings per share for the quarter. Sell-side analysts anticipate that Terrestrial Energy Inc. will post -0.46 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Terrestrial Energy
Hedge funds and other institutional investors have recently bought and sold shares of the business. Yorkville Advisors Global LP bought a new stake in shares of Terrestrial Energy during the 1st quarter valued at $733,000. Bank of America Corp DE boosted its position in shares of 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. California State Teachers Retirement System acquired a new stake in shares of Terrestrial Energy during the first quarter worth $188,000. Bank of New York Mellon Corp acquired a new stake in shares of Terrestrial Energy during the first quarter worth $102,000. Finally, Valeo Financial Advisors LLC bought a new stake in Terrestrial Energy in the second quarter valued at about $106,000.
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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