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Harmony Energy Income Trust (LON:HEIT) Hits New 1-Year High - What's Next?

Harmony Energy Income Trust logo with Financial Services background

Harmony Energy Income Trust Plc (LON:HEIT - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 91.20 ($1.21) and last traded at GBX 87.08 ($1.16), with a volume of 1602526 shares trading hands. The stock had previously closed at GBX 87.40 ($1.16).

Harmony Energy Income Trust Trading Up 9.9 %

The business has a 50 day simple moving average of GBX 76.17 and a two-hundred day simple moving average of GBX 63.80. The stock has a market cap of £217.95 million, a price-to-earnings ratio of -6.40 and a beta of 0.20.

Harmony Energy Income Trust (LON:HEIT - Get 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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