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)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$21.49 and traded as high as C$23.80. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$23.65, with a volume of 27,869 shares.

Wall Street Analyst Weigh In

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

Alaris Equity Partners Income Trust (AD.UN) Stock Up 0.0%

The company’s 50 day moving average price is C$22.27 and its two-hundred day moving average price is C$21.49. 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 stock has a market cap of C$1.08 billion, a P/E ratio of 11.48, a PEG ratio of 0.80 and a beta of 1.24.

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. 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.