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

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$17.44 and traded as high as C$19.16. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$19.15, with a volume of 31,867 shares traded.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AD.UN. Cormark raised 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. CIBC raised their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$24.00 to C$27.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th.

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

The firm has a fifty day moving average of C$19.00 and a 200-day moving average of C$17.44. 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 firm has a market cap of C$871.33 million, a P/E ratio of 4.27, a PEG ratio of 0.80 and a beta of 2.08.

Insider Buying and Selling at Alaris Equity Partners Income Trust (AD.UN)

In related news, Senior Officer Matthew Mcintyre sold 5,419 shares of the company’s stock in a transaction dated 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.

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.