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

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$17.44 and traded as high as C$19.16. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$19.15, with a volume of 31,867 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. CIBC lifted their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$24.00 to C$27.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Cormark lifted their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$24.00 to C$26.00 in a report on Wednesday, December 11th.

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

The company has a debt-to-equity ratio of 6.33, a quick ratio of 2.36 and a current ratio of 0.60. The company has a market capitalization of C$872.69 million, a P/E ratio of 4.27, a price-to-earnings-growth ratio of 0.80 and a beta of 2.08. The firm has a 50 day moving average price of C$19.00 and a two-hundred day moving average price of C$17.45.

Insider Transactions at Alaris Equity Partners Income Trust (AD.UN)

In other news, Senior Officer Matthew Mcintyre sold 5,419 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of C$19.00, for a total transaction of C$102,961.00. Company insiders own 2.23% of the company’s stock.

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.