Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Share Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Alaris Equity Partners Income Trust shares crossed above their 200-day moving average (C$20.30), trading as high as C$20.45 and last at C$20.23 on a volume of 61,146 shares.
• RBC raised its price target on the stock from C$21.00 to C$22.00, and the consensus rating is a Moderate Buy with an average target of C$24.33 (two Buys, one Hold).
• The trust has a market capitalization of C$917.21M and a P/E of 11.56, and it provides alternative financing to private companies with the objective of generating stable, annually adjusted distributions to unitholders.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$20.30 and traded as high as C$20.45. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$20.23, with a volume of 61,146 shares.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada raised their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$21.00 to C$22.00 and gave the stock a "sector perform" rating in a research report on Monday, January 26th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$24.33.

Alaris Equity Partners Income Trust (AD.UN) Stock Up 0.0%

The firm has a market capitalization of C$917.21 million, a price-to-earnings ratio of 11.56, a P/E/G ratio of 0.80 and a beta of 1.23. The firm has a fifty day moving average price of C$21.78 and a 200 day moving average price of C$20.30. The company has a current ratio of 0.60, a quick ratio of 2.36 and a debt-to-equity ratio of 6.33.

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. 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.

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