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

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) shares 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 trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AD.UN. CIBC increased their price objective 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 lifted their price target 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.

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

The company has a debt-to-equity ratio of 6.33, a current ratio of 0.60 and a quick ratio of 2.36. The business’s 50-day moving average price is C$19.07 and its two-hundred day moving average price is C$17.57. The firm has a market cap of C$868.14 million, a price-to-earnings ratio of 4.25, a P/E/G 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 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. 2.23% of the stock is 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.