Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$18.45 and traded as high as C$20.29. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$19.99, with a volume of 148,149 shares.

Wall Street Analysts Forecast Growth

AD.UN has been the subject of a number of research analyst reports. CIBC lifted their target price 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 research note on Wednesday, December 11th. Cormark lifted 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.

Alaris Equity Partners Income Trust (AD.UN) Stock Down 1.1 %

The firm’s 50-day simple moving average is C$19.43 and its 200 day simple moving average is C$18.45. The company has a debt-to-equity ratio of 6.33, a quick ratio of 2.36 and a current ratio of 0.60. The stock has a market capitalization of C$909.55 million, a P/E ratio of 4.45, 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 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. Also, Director Peter Grosskopf purchased 5,000 shares of the stock in a transaction 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 owned by 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.