Harmony Energy Income Trust (LON:HEIT) Trading Down 7.3%

Harmony Energy Income Trust Plc (LON:HEIT)’s stock price fell 7.3% during trading on Monday . The stock traded as low as GBX 40 ($0.50) and last traded at GBX 40.25 ($0.50). 248,295 shares were traded during mid-day trading, a decline of 79% from the average session volume of 1,205,822 shares. The stock had previously closed at GBX 43.40 ($0.54).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 110 ($1.37) price objective on shares of Harmony Energy Income Trust in a research report on Wednesday, February 28th.

Harmony Energy Income Trust Stock Performance

The stock has a 50-day moving average price of GBX 39.41 and a 200-day moving average price of GBX 62.32.

Insider Transactions at Harmony Energy Income Trust

In other Harmony Energy Income Trust news, insider Janine Freeman bought 11,775 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average cost of GBX 42 ($0.52) per share, with a total value of £4,945.50 ($6,156.48). In other news, insider Janine Freeman purchased 11,775 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was acquired at an average cost of GBX 42 ($0.52) per share, for a total transaction of £4,945.50 ($6,156.48). Also, insider Hugh McNeal purchased 9,881 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was purchased at an average price of GBX 40 ($0.50) per share, with a total value of £3,952.40 ($4,920.20). Over the last ninety days, insiders have acquired 33,431 shares of company stock valued at $1,384,340. 11.33% of the stock is currently owned by insiders.

About Harmony Energy Income Trust

Harmony Energy Income Trust Plc, an investment company, focuses on investing in energy storage and renewable energy generation projects in the United Kingdom. The company was incorporated in 2021 and is based in London, the United Kingdom.