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

Shares of Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.30 and traded as high as C$18.97. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$18.53, with a volume of 124,325 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. CIBC lifted their target price 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. Cormark lifted their price objective 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.

Alaris Equity Partners Income Trust (AD.UN) Stock Up 0.9 %

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 has a market capitalization of C$850.85 million, a price-to-earnings ratio of 4.16, a price-to-earnings-growth ratio of 0.80 and a beta of 2.08. The company has a 50-day moving average of C$18.96 and a 200-day moving average of C$17.32.

Insider Activity

In related 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. Corporate insiders own 2.23% of the company’s stock.

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.