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

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Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$18.61 and traded as high as C$19.73. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$19.22, with a volume of 59,312 shares changing hands.

Wall Street Analyst Weigh In

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

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

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

The company has a market capitalization of C$858.59 million, a PE ratio of 4.20, a PEG ratio of 0.80 and a beta of 2.08. 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 stock's fifty day simple moving average is C$19.51 and its 200-day simple moving average is C$18.65.

Insider Activity

In other news, Director Peter Grosskopf bought 5,000 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The shares were purchased at an average price of C$18.26 per share, for a total transaction of C$91,285.00. Also, Senior Officer Matthew Mcintyre sold 5,419 shares of Alaris Equity Partners Income Trust (AD.UN) stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$19.00, for a total value of C$102,961.00. Company insiders own 2.23% of the company's stock.

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About Alaris Equity Partners Income Trust (AD.UN)

(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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