Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Hits New 1-Year High - What's Next?

Shares of Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) reached a new 52-week high during 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 Analyst Weigh In

A number of analysts have commented on the stock. Cormark upped their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$24.00 to C$26.00 in a research note on Wednesday, December 11th. CIBC upped their price target on 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 report on Wednesday, December 11th.

Alaris Equity Partners Income Trust (AD.UN) Stock Down 3.1 %

The stock has a market cap of C$904.09 million, a P/E ratio of 4.43, a P/E/G ratio of 0.80 and a beta of 2.08. 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 firm's fifty day moving average is C$19.22 and its 200 day moving average is C$18.04.

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

In other Alaris Equity Partners Income Trust (AD.UN) news, Senior Officer Matthew Mcintyre sold 5,419 shares of the firm's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$19.00, for a total transaction of C$102,961.00. Also, Senior Officer Curtis James Krawetz sold 4,000 shares of the company's stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of C$19.29, for a total value of C$77,160.00. 2.23% of the stock is currently owned by corporate 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.