Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$19.61 and traded as high as C$21.84. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$21.78, with a volume of 84,016 shares traded.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AD.UN. Desjardins upped their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$24.50 to C$25.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Royal Bank Of Canada upped their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$21.00 to C$22.00 and gave the company a “sector perform” rating in a report on Monday, January 26th. Finally, Raymond James Financial lifted their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.33.

Alaris Equity Partners Income Trust (AD.UN) Stock Down 0.0%

The company has a market cap of C$987.48 million, a P/E ratio of 6.15, a PEG ratio of 0.80 and a beta of 1.32. 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 fifty day moving average price of C$20.98 and a 200 day moving average price of C$19.61.

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.