Harmony Energy Income Trust (LON:HEIT) Reaches New 12-Month High – Should You Buy?

Harmony Energy Income Trust Plc (LON:HEITGet Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 89 ($1.15) and last traded at GBX 88.03 ($1.14), with a volume of 25379059 shares traded. The stock had previously closed at GBX 79.20 ($1.02).

Harmony Energy Income Trust Price Performance

The stock’s 50-day simple moving average is GBX 65.27 and its two-hundred day simple moving average is GBX 58.57. The firm has a market cap of £199.78 million, a P/E ratio of -5.87 and a beta of 0.20.

Harmony Energy Income Trust (LON:HEITGet Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported GBX (25) (($0.32)) earnings per share (EPS) for the quarter. Harmony Energy Income Trust had a net margin of 106.46% and a negative return on equity of 14.61%.

About Harmony Energy Income Trust

(Get Free Report)

The Harmony Energy Income Trust (‘HEIT’) is a “pure play” battery energy storage systems (BESS) owner and operator with an exclusive focus on 2-hour duration BESS in GB. It was launched on the London Stock Exchange in November 2021. It currently holds 494.4MW / 988.8 MWh of BESS projects spread across Great Britain.

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