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

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$20.16 and traded as high as C$22.26. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$22.17, with a volume of 40,881 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Raymond James Financial boosted their price objective on shares of 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 note on Friday, November 7th. Royal Bank Of Canada raised their price target on shares of 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 report on Monday, January 26th. Two equities research 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) has a consensus rating of “Moderate Buy” and an average target price of C$24.33.

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

The company’s 50-day moving average is C$21.81 and its two-hundred day moving average is C$20.16. The company has a market capitalization of C$1.01 billion, a P/E ratio of 6.26, a PEG ratio of 0.80 and a beta of 1.32. The company has a quick ratio of 2.36, a current ratio of 0.60 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.