Harmony Energy Income Trust (LON:HEIT) Sets New 1-Year High – Still a Buy?

Harmony Energy Income Trust Plc (LON:HEITGet Free Report) reached a new 52-week high on Tuesday . The company traded as high as GBX 91.20 ($1.20) and last traded at GBX 87.08 ($1.15), with a volume of 1602526 shares trading hands. The stock had previously closed at GBX 87.40 ($1.15).

Harmony Energy Income Trust Price Performance

The company has a market capitalization of £197.63 million, a price-to-earnings ratio of -5.80 and a beta of 0.20. The business’s 50-day moving average price is GBX 73.96 and its two-hundred day moving average price is GBX 62.79.

Harmony Energy Income Trust (LON:HEITGet Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported GBX (25) (($0.33)) earnings per share (EPS) for the quarter. Harmony Energy Income Trust had a negative return on equity of 14.61% and a net margin of 106.46%.

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.

Further Reading

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