Harmony Energy Income Trust (LON:HEIT) Trading Up 9.6% – Time to Buy?

Harmony Energy Income Trust Plc (LON:HEITGet Free Report)’s stock price was up 9.6% during trading on Thursday . The stock traded as high as GBX 96.20 ($1.28) and last traded at GBX 95.80 ($1.27). Approximately 939,089 shares changed hands during trading, a decline of 45% from the average daily volume of 1,700,980 shares. The stock had previously closed at GBX 87.40 ($1.16).

Harmony Energy Income Trust Trading Up 9.9 %

The firm has a market cap of £217.95 million, a P/E ratio of -6.40 and a beta of 0.20. The stock’s fifty day moving average is GBX 76.17 and its two-hundred day moving average is GBX 63.80.

Harmony Energy Income Trust (LON:HEITGet Free Report) last released 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%.

Harmony Energy Income Trust Company Profile

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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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