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Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Share Price Passes Above 200-Day Moving Average - Time to Sell?

Alaris Equity Partners Income Trust (AD.UN) logo with Finance background

Key Points

  • Alaris Equity Partners Income Trust (AD.UN) shares have crossed above their two hundred day moving average for the first time, reaching a high of C$19.35 before last trading at C$19.27.
  • Raymond James Financial has set a price objective of C$24.00 on the stock, which currently has a consensus rating of "Buy" and a target of C$25.50 from analysts.
  • The company has a market capitalization of C$875.26 million and a P/E ratio of 6.67, indicating favorable valuation metrics in the current market.
  • Interested in Alaris Equity Partners Income Trust (AD.UN)? Here are five stocks we like better.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$18.80 and traded as high as C$19.35. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$19.27, with a volume of 83,558 shares.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial set a C$24.00 price target on Alaris Equity Partners Income Trust (AD.UN) and gave the stock an "outperform" rating in a report on Tuesday, June 24th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of C$25.50.

Get Our Latest Stock Analysis on AD.UN

Alaris Equity Partners Income Trust (AD.UN) Trading Up 0.8%

The firm has a market cap of C$880.71 million, a PE ratio of 6.71, a P/E/G ratio of 0.80 and a beta of 1.45. 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 business has a fifty day moving average price of C$18.73 and a 200 day moving average price of C$18.80.

Alaris Equity Partners Income Trust (AD.UN) Company Profile

(Get Free Report)

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.

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