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

Shares of Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$18.61 and traded as high as C$19.73. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$19.22, with a volume of 59,312 shares traded.

Wall Street Analyst Weigh In

Several analysts have commented on AD.UN shares. Cormark upped their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$24.00 to C$26.00 in a research report on Wednesday, December 11th. CIBC upped their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$24.00 to C$27.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th.

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

The company has a debt-to-equity ratio of 6.33, a quick ratio of 2.36 and a current ratio of 0.60. The stock’s 50-day moving average is C$19.52 and its 200 day moving average is C$18.61. The firm has a market cap of C$874.51 million, a P/E ratio of 4.28, a PEG ratio of 0.80 and a beta of 2.08.

Insider Activity at Alaris Equity Partners Income Trust (AD.UN)

In related news, Senior Officer Matthew Mcintyre sold 5,419 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of C$19.00, for a total value of C$102,961.00. Also, Senior Officer Curtis James Krawetz sold 4,000 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of C$19.29, for a total transaction of C$77,160.00. 2.23% of the stock is owned by corporate insiders.

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.