Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Shares Pass Above 200 Day Moving Average – Here’s Why

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$18.30 and traded as high as C$20.29. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$20.13, with a volume of 62,295 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. 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 boosted 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.

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 company’s 50-day moving average is C$19.34 and its two-hundred day moving average is C$18.31. The firm has a market cap of C$913.64 million, a P/E ratio of 4.47, a PEG ratio of 0.80 and a beta of 2.08.

Insider Activity

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. Also, Director Peter Grosskopf purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was bought at an average cost of C$18.26 per share, for a total transaction of C$91,285.00. 2.23% of the stock is currently owned by corporate insiders.

About Alaris Equity Partners Income Trust (AD.UN)

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.