Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Shares Pass Above 200 Day Moving Average - What's Next?

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$19.14 and traded as high as C$20.18. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$20.16, with a volume of 94,977 shares changing hands.

Analysts Set New Price Targets

Separately, Desjardins lowered their price target on Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$25.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th.

Alaris Equity Partners Income Trust (AD.UN) Stock Down 7.7%

The business has a 50 day moving average of C$18.90 and a 200 day moving average of C$19.15. 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 firm has a market capitalization of C$846.30 million, a price-to-earnings ratio of 4.14, a price-to-earnings-growth ratio of 0.80 and a beta of 2.08.

Insiders Place Their Bets

In other news, Senior Officer Aaron Potter sold 3,019 shares of the firm's stock in a transaction on Tuesday, March 25th. The stock was 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 firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of C$19.30, for a total value of C$135,100.00. Corporate insiders own 2.23% of the company's stock.

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.