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

Shares of Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$17.80 and traded as high as C$19.45. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$19.41, with a volume of 64,944 shares.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Cormark raised their target price on Alaris Equity Partners Income Trust (AD.UN) from C$24.00 to C$26.00 in a research report on Wednesday, December 11th. CIBC upped their target price 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.

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

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 stock has a 50-day moving average price of C$19.12 and a 200 day moving average price of C$17.82. The company has a market cap of C$898.17 million, a price-to-earnings ratio of 4.40, a price-to-earnings-growth ratio of 0.80 and a beta of 2.08.

Insider Buying and Selling

In other Alaris Equity Partners Income Trust (AD.UN) news, Director Peter Grosskopf acquired 5,000 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was bought at an average cost of C$18.26 per share, with a total value of C$91,285.00. Also, Senior Officer Curtis James Krawetz sold 4,000 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of C$19.29, for a total transaction of C$77,160.00. 2.23% of the stock is currently owned by company insiders.

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.