Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Shares Cross 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 Wednesday . The stock has a 200-day moving average of C$21.70 and traded as high as C$23.77. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$23.06, with a volume of 113,796 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Acumen Capital increased their target price on Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$26.50 and gave the company a “buy” rating in a report on Monday, April 6th. Canadian Imperial Bank of Commerce set a C$25.00 target price on Alaris Equity Partners Income Trust (AD.UN) and gave the company an “outperform” rating in a report on Monday, March 23rd. Raymond James Financial increased their target price on Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.25 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, Desjardins increased their target price on Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$26.50 and gave the company a “buy” rating in a report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$25.45.

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

The business has a fifty day simple moving average of C$22.68 and a two-hundred day simple moving average of C$21.70. The company has a quick ratio of 2.36, a current ratio of 0.60 and a debt-to-equity ratio of 6.33. The company has a market cap of C$1.05 billion, a P/E ratio of 11.19, a P/E/G ratio of 0.80 and a beta of 1.19.

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.