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

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$19.82 and traded as high as C$22.60. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$22.47, with a volume of 63,462 shares traded.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Raymond James Financial upped their price target on 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 boosted their target price on shares of 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 note on Monday, January 26th. Finally, Desjardins upped their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$24.50 to C$25.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) presently has a consensus rating of “Moderate Buy” and an average target price of C$24.33.

Alaris Equity Partners Income Trust (AD.UN) Stock Up 1.3%

The company has a market cap of C$1.02 billion, a P/E ratio of 6.35, a PEG ratio of 0.80 and a beta of 1.32. 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 firm has a fifty day moving average price of C$21.37 and a 200 day moving average price of C$19.82.

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.