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

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$19.28 and traded as high as C$21.26. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$21.23, with a volume of 56,602 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Desjardins increased their price target on Alaris Equity Partners Income Trust (AD.UN) from C$24.50 to C$25.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Raymond James Financial lifted their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Finally, Royal Bank Of Canada boosted their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$20.00 to C$21.00 and gave the company a “sector perform” rating in a report on Friday, November 7th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) presently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.00.

Alaris Equity Partners Income Trust (AD.UN) Stock Up 1.1%

The company has a current ratio of 0.60, a quick ratio of 2.36 and a debt-to-equity ratio of 6.33. The company has a market cap of C$972.97 million, a price-to-earnings ratio of 6.06, a PEG ratio of 0.80 and a beta of 1.37. The firm’s fifty day simple moving average is C$20.16 and its 200 day simple moving average is C$19.30.

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.