Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Shares Down 7.5% – Time to Sell?

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) was down 7.5% during mid-day trading on Friday . The stock traded as low as C$17.75 and last traded at C$18.64. Approximately 270,991 shares were traded during mid-day trading, an increase of 251% from the average daily volume of 77,104 shares. The stock had previously closed at C$20.16.

Analysts Set New Price Targets

Separately, Desjardins cut their target price on Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$25.00 and set a “buy” rating on the stock in a research report on Tuesday, April 29th.

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

The company has a quick ratio of 2.36, a current ratio of 0.60 and a debt-to-equity ratio of 6.33. The company has a market capitalization of C$846.30 million, a price-to-earnings ratio of 4.14, a PEG ratio of 0.80 and a beta of 2.08. The stock has a fifty day moving average price of C$18.90 and a two-hundred day moving average price of C$19.15.

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

In related news, Senior Officer Aaron Potter sold 3,019 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of C$19.96, for a total value of C$60,259.24. Also, Senior Officer Elizabeth Teresa Mccarthy sold 7,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of C$19.30, for a total transaction of C$135,100.00. 2.23% of the stock is currently owned by corporate insiders.

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.