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)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$21.01 and traded as high as C$22.78. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$22.60, with a volume of 90,037 shares traded.

Analyst Ratings Changes

A number of research firms have recently weighed in on AD.UN. Royal Bank Of Canada upped their target price 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 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 research report on Monday, March 23rd. Finally, Acumen Capital upped their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$26.50 and gave the stock a “buy” rating in a research report on Monday, April 6th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$24.90.

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

The company has a market cap of C$1.02 billion, a P/E ratio of 12.91, a PEG ratio of 0.80 and a beta of 1.24. The stock’s 50 day moving average is C$21.59 and its 200-day moving average is C$21.01. The company has a current ratio of 0.60, a quick ratio of 2.36 and a debt-to-equity ratio of 6.33.

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. 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.