Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Sets New 1-Year High – Time to Buy?

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$19.22 and last traded at C$19.09, with a volume of 33473 shares changing hands. The stock had previously closed at C$19.05.

Analyst Upgrades and Downgrades

Separately, Cormark upped their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$20.50 to C$21.00 in a research note on Tuesday, August 6th.

Alaris Equity Partners Income Trust (AD.UN) Price 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’s fifty day moving average price is C$17.98 and its 200 day moving average price is C$16.77. The stock has a market cap of C$874.97 million, a PE ratio of 4.28, a P/E/G ratio of 0.80 and a beta of 2.08.

About Alaris Equity Partners Income Trust (AD.UN)

Alaris Royalty Corp. is a private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments. The firm does not invest in turnarounds and start-ups. It prefers to invest in the companies based in all industries except for those with a declining asset base, such as oil and gas resource companies, or any industry that carry the risk of obsolescence such as high tech and focuses on business services, professional services, information services, healthcare services, distribution & logistics, industrials, consumer products.