Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Shares Pass Above Two Hundred Day Moving Average on Analyst Downgrade

Shares of Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) crossed above its two hundred day moving average during trading on Wednesday after Cormark raised their price target on the stock from C$24.00 to C$26.00. The stock has a two hundred day moving average of C$19.11 and traded as high as C$19.38. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$19.38, with a volume of 42,643 shares changing hands.

Separately, CIBC upped their price objective on 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.

Insider Activity

In other news, Senior Officer Elizabeth Teresa Mccarthy sold 7,000 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of C$19.30, for a total transaction of C$135,100.00. Also, Senior Officer Aaron Potter sold 3,019 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of C$19.96, for a total transaction of C$60,259.24. Corporate insiders own 2.23% of the company’s stock.

Alaris Equity Partners Income Trust (AD.UN) Trading Up 0.9 %

The firm has a market cap of C$889.53 million, a PE ratio of 4.35, a price-to-earnings-growth ratio of 0.80 and a beta of 2.08. The company has a 50-day simple moving average of C$18.88 and a 200 day simple moving average of C$19.11. The company has a current ratio of 0.60, a quick ratio of 2.36 and a debt-to-equity ratio of 6.33.

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.