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

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN)’s stock price 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.

Analysts Set New Price Targets

A number of research firms recently weighed in on AD.UN. CIBC boosted their price target 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 research note on Wednesday, December 11th. Cormark upped their target price 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.

Alaris Equity Partners Income Trust (AD.UN) Trading Up 0.2 %

The business has a 50 day moving average price of C$19.00 and a 200 day moving average price of C$17.45. 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 company has a market capitalization of C$872.69 million, a P/E ratio of 4.27, a PEG ratio of 0.80 and a beta of 2.08.

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

In related news, Senior Officer Matthew Mcintyre sold 5,419 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of C$19.00, for a total value of C$102,961.00. Insiders own 2.23% of the company’s stock.

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.