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Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

Alaris Equity Partners Income Trust (AD.UN) logo with Finance background
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Shares of Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$18.71 and traded as high as C$18.76. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$18.69, with a volume of 121,702 shares trading hands.

Wall Street Analyst Weigh In

AD.UN has been the topic of several recent research reports. Cormark upped their target price 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. CIBC upped their price objective 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.

Get Our Latest Report on Alaris Equity Partners Income Trust (AD.UN)

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

The company has a quick ratio of 2.36, a current ratio of 0.60 and a debt-to-equity ratio of 6.33. The company has a market capitalization of C$850.40 million, a PE ratio of 4.16, a price-to-earnings-growth ratio of 0.80 and a beta of 2.08. The firm's 50 day simple moving average is C$19.48 and its 200 day simple moving average is C$18.71.

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

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

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

(Get Free Report)

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.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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