Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?
by Teresa Graham · The Cerbat GemShares of Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN – Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$19.20 and traded as high as C$20.75. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$20.58, with a volume of 32,369 shares.
Analysts Set New Price Targets
Several analysts have recently commented on the company. Desjardins increased their price objective 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 note on Thursday, October 30th. 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 stock an “outperform” rating in a report on Friday, November 7th. Finally, Royal Bank Of Canada raised their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$20.00 to C$21.00 and gave the stock a “sector perform” rating in a research note on Friday, November 7th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) currently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.00.
Read Our Latest Research Report on Alaris Equity Partners Income Trust (AD.UN)
Alaris Equity Partners Income Trust (AD.UN) Stock Performance
The company has a market capitalization of C$933.08 million, a price-to-earnings ratio of 5.81, a PEG 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. The stock has a 50 day simple moving average of C$19.97 and a two-hundred day simple moving average of C$19.21.
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.