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Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Price Passes Above 200-Day Moving Average - Here's Why

Alaris Equity Partners Income Trust (AD.UN) logo with Finance background

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.57 and traded as high as C$19.29. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$19.08, with a volume of 39,907 shares trading hands.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AD.UN. Cormark boosted their target price on shares of 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 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 note on Wednesday, December 11th.

View Our Latest Stock Analysis on AD.UN

Alaris Equity Partners Income Trust (AD.UN) Trading Down 0.4 %

The stock has a market capitalization of C$868.14 million, a P/E ratio of 4.25, a P/E/G ratio of 0.80 and a beta of 2.08. The stock's 50 day moving average price is C$19.07 and its 200-day moving average price is C$17.57. The company has a quick ratio of 2.36, a current ratio of 0.60 and a debt-to-equity ratio of 6.33.

Insider Activity

In related news, Senior Officer Matthew Mcintyre sold 5,419 shares of the business's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of C$19.00, for a total transaction of C$102,961.00. 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.

Further Reading

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