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Harmony Energy Income Trust (LON:HEIT) Reaches New 52-Week High - Here's Why

Harmony Energy Income Trust logo with Financial Services background

Harmony Energy Income Trust Plc (LON:HEIT - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as GBX 96 ($1.28) and last traded at GBX 95.20 ($1.27), with a volume of 7868618 shares trading hands. The stock had previously closed at GBX 96 ($1.28).

Harmony Energy Income Trust Stock Performance

The stock has a fifty day moving average price of GBX 79.36 and a 200-day moving average price of GBX 65.46. The firm has a market cap of £217.88 million, a PE ratio of -6.40 and a beta of 0.20.

Harmony Energy Income Trust (LON:HEIT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported GBX (25) (($0.33)) earnings per share 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.

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