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) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$23.13 and traded as high as C$24.38. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$24.03, with a volume of 176,333 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AD.UN. ATB Cormark Capital Markets boosted their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$29.00 to C$32.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Canaccord Genuity Group raised their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.50 to C$30.00 in a research note on Monday, August 10th. Raymond James Financial raised their price objective 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 research note on Friday, May 8th. National Bank Financial lifted their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$28.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Finally, Desjardins boosted their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.50 and gave the company a “buy” rating in a research note on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) has an average rating of “Moderate Buy” and an average target price of C$27.53.

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

The stock has a market capitalization of C$1.09 billion, a price-to-earnings ratio of 7.29, a price-to-earnings-growth ratio of 0.80 and a beta of 1.21. 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 stock has a 50-day simple moving average of C$24.71 and a 200 day simple moving average of C$23.15.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) last issued its earnings results on Wednesday, May 6th. The company reported C$0.81 earnings per share for the quarter. The company had revenue of C$37.37 million 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%. On average, equities research analysts forecast that Alaris Equity Partners Income Trust will post 1.9300847 EPS for the current fiscal year.

About Alaris Equity Partners Income Trust (AD.UN)

Alaris’ investment and investing activity refers to providing, through the Acquisition Entities, structured equity to private companies (‘ Partners ‘) to meet their business and capital objectives, which includes management buyouts, dividend recapitalization, growth and acquisitions. Alaris achieves this by investing its unitholder capital, as well as debt, through the Acquisition Entities, in exchange for distributions, dividends or interest (collectively, ‘ Distributions ‘) as well as capital appreciation on both preferred and common equity.