Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Crosses Above 200-Day Moving Average – What’s Next?

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) passed 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 changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AD.UN shares. Cormark raised their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$24.00 to C$26.00 in a research note on Wednesday, December 11th. CIBC increased their price target 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.

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

The stock has a market capitalization of C$868.14 million, a price-to-earnings ratio of 4.25, a price-to-earnings-growth ratio of 0.80 and a beta of 2.08. 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 stock has a 50-day simple moving average of C$19.07 and a 200 day simple moving average of C$17.57.

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

In other news, Senior Officer Matthew Mcintyre sold 5,419 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$19.00, for a total transaction of C$102,961.00. 2.23% of the stock is currently owned by insiders.

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.