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

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$20.42 and traded as high as C$20.90. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$20.56, with a volume of 102,775 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Royal Bank Of Canada boosted their price objective on 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 research report on Monday, January 26th. Canadian Imperial Bank of Commerce set a C$25.00 target price on shares of Alaris Equity Partners Income Trust (AD.UN) and gave the stock an “outperform” rating in a report on Monday, March 23rd. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Alaris Equity Partners Income Trust (AD.UN) presently has a consensus rating of “Moderate Buy” and an average price target of C$24.50.

Alaris Equity Partners Income Trust (AD.UN) Stock Up 2.1%

The company has a market capitalization of C$953.93 million, a P/E ratio of 12.02, a PEG ratio of 0.80 and a beta of 1.23. The company has a debt-to-equity ratio of 6.33, a current ratio of 0.60 and a quick ratio of 2.36. The company has a 50 day moving average of C$21.59 and a 200-day moving average of C$20.44.

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.