Terrestrial Energy (NASDAQ:IMSR) Shares Gap Up – Still a Buy?

Shares of Terrestrial Energy Inc. (NASDAQ:IMSR) gapped up prior to trading on Wednesday . The stock had previously closed at $7.19, but opened at $7.94. Terrestrial Energy shares last traded at $7.9360, with a volume of 2,235,263 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on IMSR shares. Northland Securities started coverage on Terrestrial Energy in a research note on Thursday, January 29th. They issued an “outperform” rating and a $15.00 target price on the stock. Zacks Research raised Terrestrial Energy to a “hold” rating in a research note on Friday, January 30th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $13.50.

Terrestrial Energy Price Performance

The company has a 50 day simple moving average of $6.80.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Terrestrial Energy stock. Bank of New York Mellon Corp purchased a new position in shares of Terrestrial Energy Inc. (NASDAQ:IMSR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,035 shares of the company’s stock, valued at approximately $102,000.

Terrestrial Energy Company Profile

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.