Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Passes Above 200 Day Moving Average – Should You Sell?

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$23.26 and traded as high as C$23.63. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$23.39, with a volume of 40,180 shares.

Wall Street Analyst Weigh In

AD.UN has been the topic of several research analyst reports. ATB Cormark Capital Markets lifted their price target on Alaris Equity Partners Income Trust (AD.UN) from C$29.00 to C$32.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Canaccord Genuity Group upped their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$27.50 to C$30.00 in a report on Monday, August 10th. Desjardins raised their target price on Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.50 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, National Bank Financial lifted their target price on Alaris Equity Partners Income Trust (AD.UN) from C$28.00 to C$30.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) currently has a consensus rating of “Moderate Buy” and a consensus price target of C$27.53.

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

The company has a fifty day simple moving average of C$24.62 and a 200-day simple moving average of C$23.26. The company has a market cap of C$1.07 billion, a P/E ratio of 7.16, a PEG ratio of 0.80 and a beta of 1.14. The company has a debt-to-equity ratio of 6.33, a current ratio of 0.60 and a quick ratio of 2.36.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$0.81 earnings per share for the quarter. The business had revenue of C$37.37 million during the quarter. Alaris Equity Partners Income Trust (AD.UN) had a return on equity of 22.20% and a net margin of 97.33%. On average, sell-side analysts predict that Alaris Equity Partners Income Trust will post 1.9300847 earnings per share for the current year.

Alaris Equity Partners Income Trust (AD.UN) Company Profile

Alaris’ investment and investing activity refers to providing, through the Acquisition Entities, structured equity to private companies (‘ Partners ‘) to meet their business and capital objectives, which includes management buyouts, dividend recapitalization, growth and acquisitions. Alaris achieves this by investing its unitholder capital, as well as debt, through the Acquisition Entities, in exchange for distributions, dividends or interest (collectively, ‘ Distributions ‘) as well as capital appreciation on both preferred and common equity.