Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Shares Cross Above Two Hundred 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 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.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AD.UN shares. Raymond James Financial boosted their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Desjardins lifted their target price on 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. Finally, Royal Bank Of Canada boosted their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$21.00 to C$22.00 and gave the stock a “sector perform” rating in a research report on Monday, January 26th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$24.33.

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

The company has a market cap of C$1.03 billion, a price-to-earnings ratio of 6.43, a P/E/G ratio of 0.80 and a beta of 1.32. 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 business has a 50-day moving average price of C$21.42 and a 200 day moving average price of C$19.85.

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.