Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

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$17.80 and traded as high as C$19.45. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$19.41, with a volume of 64,944 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AD.UN. Cormark upped their target price on Alaris Equity Partners Income Trust (AD.UN) from C$24.00 to C$26.00 in a research note on Wednesday, December 11th. CIBC lifted their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th.

Alaris Equity Partners Income Trust (AD.UN) Stock Up 0.6 %

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$883.16 million, a P/E ratio of 4.32, a PEG ratio of 0.80 and a beta of 2.08. The firm has a 50-day simple moving average of C$19.10 and a two-hundred day simple moving average of C$17.80.

Insider Buying and Selling at Alaris Equity Partners Income Trust (AD.UN)

In other news, Director Peter Grosskopf acquired 5,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was bought at an average cost of C$18.26 per share, for a total transaction of C$91,285.00. Also, Senior Officer Matthew Mcintyre sold 5,419 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$19.00, for a total value of C$102,961.00. Insiders own 2.23% of the company’s stock.

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.