Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Share Price Crosses 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 Wednesday . The stock has a 200-day moving average of C$21.70 and traded as high as C$23.77. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$23.06, with a volume of 113,796 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Canadian Imperial Bank of Commerce set a C$25.00 target price on shares of Alaris Equity Partners Income Trust (AD.UN) and gave the company an “outperform” rating in a research report on Monday, March 23rd. Acumen Capital lifted their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$26.50 and gave the stock a “buy” rating in a report on Monday, April 6th. Desjardins increased their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$26.50 and gave the company a “buy” rating in a report on Friday, May 8th. Finally, Raymond James Financial raised their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.25 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Four equities 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) has an average rating of “Moderate Buy” and a consensus target price of C$25.45.

Alaris Equity Partners Income Trust (AD.UN) Trading Up 0.9%

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 market cap of C$1.07 billion, a price-to-earnings ratio of 11.40, a P/E/G ratio of 0.80 and a beta of 1.19. The company’s fifty day moving average price is C$22.78 and its 200-day moving average price is C$21.74.

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.