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

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$20.42 and traded as high as C$20.90. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$20.56, with a volume of 102,775 shares traded.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AD.UN. Royal Bank Of Canada raised their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$21.00 to C$22.00 and gave the company a “sector perform” rating in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce set a C$25.00 target price on Alaris Equity Partners Income Trust (AD.UN) and gave the stock an “outperform” rating in a research note on Monday, March 23rd. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$24.50.

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

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 firm has a market capitalization of C$932.17 million, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 0.80 and a beta of 1.23. The business’s 50 day simple moving average is C$21.62 and its two-hundred day simple moving average is C$20.42.

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.