Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$21.16 and traded as high as C$22.85. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$22.75, with a volume of 52,235 shares traded.

Analyst Ratings Changes

AD.UN has been the subject of a number of recent analyst reports. Canadian Imperial Bank of Commerce set a C$25.00 target price on Alaris Equity Partners Income Trust (AD.UN) and gave the company an “outperform” rating in a report on Monday, March 23rd. Acumen Capital boosted their price objective 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. Royal Bank Of Canada upped their price objective 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 report on Monday, January 26th. Desjardins raised their target price on shares of 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. Finally, Raymond James Financial lifted their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.25 and gave the company an “outperform” rating in a research note on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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 firm has a market cap of C$1.04 billion, a P/E ratio of 11.04, a P/E/G ratio of 0.80 and a beta of 1.24. The business has a fifty day simple moving average of C$21.65 and a 200-day simple moving average of C$21.16.

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

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.