Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$19.99 and traded as high as C$22.36. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$22.36, with a volume of 45,403 shares trading hands.

Analyst Upgrades and Downgrades

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

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

The stock’s 50 day simple moving average is C$21.61 and its two-hundred day simple moving average is C$19.99. The firm has a market cap of C$1.01 billion, a P/E ratio of 6.32, a P/E/G ratio of 0.80 and a beta of 1.32. The company has a debt-to-equity ratio of 6.33, a current ratio of 0.60 and a quick ratio of 2.36.

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.