Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$22.09 and traded as high as C$24.01. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$23.90, with a volume of 111,241 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Desjardins boosted their target price on Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$26.50 and gave the stock a “buy” rating in a research report on Friday, May 8th. Acumen Capital increased their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$26.50 and gave the company a “buy” rating in a research report on Monday, April 6th. Raymond James Financial lifted their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.25 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce set a C$25.00 price objective on shares of Alaris Equity Partners Income Trust (AD.UN) and gave the company an “outperform” rating in a research note on Monday, March 23rd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$25.45.

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

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 company has a fifty day moving average price of C$23.29 and a 200 day moving average price of C$22.11. The stock has a market cap of C$1.09 billion, a PE ratio of 11.59, a P/E/G ratio of 0.80 and a beta of 1.19.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) last issued its earnings results on Wednesday, May 6th. The company reported C$0.81 earnings per share for the quarter. The company 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%. Analysts expect that Alaris Equity Partners Income Trust will post 1.9300847 earnings per share for the current year.

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.