Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Reaches New 12-Month High – Here’s What Happened

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$20.40 and last traded at C$20.34, with a volume of 96174 shares trading hands. The stock had previously closed at C$19.95.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AD.UN. Cormark lifted their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$24.00 to C$26.00 in a report on Wednesday, December 11th. CIBC raised their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th.

Alaris Equity Partners Income Trust (AD.UN) Stock Up 1.8 %

The firm has a market cap of C$932.75 million, a P/E ratio of 4.57, a PEG ratio of 0.80 and a beta of 2.08. The company’s 50 day simple moving average is C$19.22 and its 200-day simple moving average is C$18.03. The company has a current ratio of 0.60, a quick ratio of 2.36 and a debt-to-equity ratio of 6.33.

Insider Transactions at Alaris Equity Partners Income Trust (AD.UN)

In other Alaris Equity Partners Income Trust (AD.UN) news, Senior Officer Curtis James Krawetz sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of C$19.29, for a total value of C$77,160.00. Also, Director Peter Grosskopf bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were bought at an average price of C$18.26 per share, with a total value of C$91,285.00. Company insiders own 2.23% of the company’s stock.

About Alaris Equity Partners Income Trust (AD.UN)

Alaris Equity Partners Income Trust is an open-ended trust. The Trust, through its subsidiaries, indirectly provides alternative financing to private companies (Partners) in exchange for distributions with the principal objective of generating stable and predictable cash flows for payment of distributions to unitholders of the Trust.