Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$22.81 and traded as high as C$25.11. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$24.82, with a volume of 60,575 shares traded.

Analyst Ratings Changes

AD.UN has been the subject of several research analyst reports. Desjardins lifted their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$26.50 to C$27.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. ATB Cormark Capital Markets increased their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$29.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Raymond James Financial raised their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.25 and gave the stock an “outperform” rating in a report on Friday, May 8th. Finally, National Bank Financial lifted their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$28.00 to C$30.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) has an average rating of “Moderate Buy” and a consensus price target of C$27.11.

Alaris Equity Partners Income Trust (AD.UN) Trading Down 0.7%

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 firm has a fifty day simple moving average of C$24.28 and a 200-day simple moving average of C$22.81. The firm has a market cap of C$1.13 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 0.80 and a beta of 1.21.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$0.81 EPS for the quarter. Alaris Equity Partners Income Trust (AD.UN) had a return on equity of 22.20% and a net margin of 97.33%.The firm had revenue of C$37.37 million during the quarter. On average, equities research analysts expect that Alaris Equity Partners Income Trust will post 1.9300847 earnings per share for the current year.

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.