Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Shares Cross Above 200 Day Moving Average – What’s Next?

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$17.30 and traded as high as C$18.97. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$18.53, with a volume of 124,325 shares.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AD.UN. 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 company an “outperform” rating in a research note on Wednesday, December 11th. Cormark raised their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$24.00 to C$26.00 in a research report on Wednesday, December 11th.

Alaris Equity Partners Income Trust (AD.UN) Stock Performance

The company has a current ratio of 0.60, a quick ratio of 2.36 and a debt-to-equity ratio of 6.33. The stock has a market capitalization of C$850.85 million, a PE ratio of 4.16, a PEG ratio of 0.80 and a beta of 2.08. The business’s 50 day moving average is C$18.96 and its 200 day moving average is C$17.32.

Insider Buying and Selling

In other Alaris Equity Partners Income Trust (AD.UN) news, Senior Officer Matthew Mcintyre sold 5,419 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of C$19.00, for a total value of C$102,961.00. 2.23% of the stock is currently owned by insiders.

Alaris Equity Partners Income Trust (AD.UN) Company Profile

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.