Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Shares of Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$18.82 and traded as high as C$19.62. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$19.53, with a volume of 66,909 shares trading hands.

Wall Street Analyst Weigh In

Separately, Raymond James Financial set a C$24.00 price objective on Alaris Equity Partners Income Trust (AD.UN) and gave the company an “outperform” rating in a report on Tuesday, June 24th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) presently has a consensus rating of “Buy” and a consensus target price of C$25.50.

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

The firm has a 50 day simple moving average of C$18.75 and a 200-day simple moving average of C$18.82. 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$887.07 million, a PE ratio of 6.76, a price-to-earnings-growth ratio of 0.80 and a beta of 1.45.

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.