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

Shares of Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 trading hands.

Analysts Set New Price Targets

AD.UN has been the subject of several recent research reports. Cormark increased their target price on shares of 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 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.

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

The stock’s fifty day moving average price is C$19.43 and its 200-day moving average price is C$18.45. 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 firm has a market cap of C$909.55 million, a price-to-earnings ratio of 4.45, a price-to-earnings-growth ratio of 0.80 and a beta of 2.08.

Insider Activity

In related news, Director Peter Grosskopf acquired 5,000 shares of the company’s stock in a transaction on Friday, January 10th. The shares were purchased at an average price of C$18.26 per share, for a total transaction of C$91,285.00. Also, Senior Officer Matthew Mcintyre sold 5,419 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of C$19.00, for a total transaction of C$102,961.00. 2.23% of the stock is owned by company 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.