Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Crosses Above 200-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 Tuesday . The stock has a 200-day moving average of C$19.99 and traded as high as C$22.36. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$22.36, with a volume of 45,403 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Raymond James Financial increased their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Royal Bank Of Canada upped their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$21.00 to C$22.00 and gave the stock a “sector perform” rating in a research note on Monday, January 26th. Finally, Desjardins increased their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$24.50 to C$25.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.33.

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

The firm has a fifty day moving average of C$21.61 and a 200 day moving average of C$19.99. The company has a market capitalization of C$1.01 billion, a P/E ratio of 6.32, a P/E/G ratio of 0.80 and a beta of 1.32. The company has a current ratio of 0.60, a quick ratio of 2.36 and a debt-to-equity ratio of 6.33.

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. Distributions from the Partners are adjusted each year based on the percentage change of a top-line financial performance measure such as gross margin and same-store sales and rank in priority to the owner’s common equity position.