Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Passes 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 Friday . The stock has a 200-day moving average of C$23.20 and traded as high as C$24.10. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$24.09, with a volume of 53,606 shares changing hands.

Wall Street Analysts Forecast Growth

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

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

The firm has a fifty day simple moving average of C$24.69 and a 200-day simple moving average of C$23.20. 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 market cap of C$1.10 billion, a PE ratio of 7.34, a price-to-earnings-growth ratio of 0.80 and a beta of 1.14.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) last posted its earnings results 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, research analysts forecast that Alaris Equity Partners Income Trust will post 1.9300847 EPS for the current fiscal year.

About Alaris Equity Partners Income Trust (AD.UN)

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.