Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Passes Above 200-Day Moving Average – Here’s Why

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$18.30 and traded as high as C$20.29. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$20.13, with a volume of 62,295 shares.

Analysts Set New Price Targets

Several research firms have issued reports on AD.UN. Cormark increased their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$24.00 to C$26.00 in a research note on Wednesday, December 11th. CIBC increased their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th.

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

The firm has a market capitalization of C$915.92 million, a PE ratio of 4.48, a price-to-earnings-growth ratio of 0.80 and a beta of 2.08. The firm’s 50-day simple moving average is C$19.31 and its 200-day simple moving average is C$18.30. The company has a quick ratio of 2.36, a current ratio of 0.60 and a debt-to-equity ratio of 6.33.

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

In related news, Director Peter Grosskopf acquired 5,000 shares of Alaris Equity Partners Income Trust (AD.UN) stock in a transaction on Friday, January 10th. The shares were acquired at an average cost of C$18.26 per share, with a total value of C$91,285.00. Also, Senior Officer Curtis James Krawetz sold 4,000 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of C$19.29, for a total transaction of C$77,160.00. 2.23% of the stock is currently owned by corporate insiders.

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.