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

Key Points

• Alaris Equity Partners Income Trust shares moved above their 200-day moving average, reaching C$23.63 before closing at C$23.39, compared with the 200-day average of C$23.26.
• Analysts remain broadly positive: six rate the stock a Buy and one a Hold, producing a consensus “Moderate Buy” rating and an average price target of C$27.53.
• The company reported C$0.81 in quarterly EPS on C$37.37 million in revenue, with a 97.33% net margin and 22.20% return on equity; however, its debt-to-equity ratio is elevated at 6.33.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$23.26 and traded as high as C$23.63. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$23.39, with a volume of 40,180 shares changing hands.

Analyst Ratings Changes

A number of brokerages have issued reports on AD.UN. ATB Cormark Capital Markets boosted their target price 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 target on Alaris Equity Partners Income Trust (AD.UN) from C$27.50 to C$30.00 in a report on Monday, August 10th. National Bank Financial lifted their price target on Alaris Equity Partners Income Trust (AD.UN) from C$28.00 to C$30.00 and gave the company an "outperform" rating in a research report on Friday, July 17th. Finally, Desjardins boosted their price objective on 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 analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Alaris Equity Partners Income Trust (AD.UN) currently has a consensus rating of "Moderate Buy" and an average target price of C$27.53.

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

The business's 50-day moving average price is C$24.64 and its 200 day moving average price is C$23.26. The company has a quick ratio of 2.36, a current ratio of 0.60 and a debt-to-equity ratio of 6.33. The company has a market capitalization of C$1.07 billion, a P/E ratio of 7.13, a price-to-earnings-growth ratio of 0.80 and a beta of 1.14.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported C$0.81 earnings per share for the quarter. Alaris Equity Partners Income Trust (AD.UN) had a net margin of 97.33% and a return on equity of 22.20%. The business had revenue of C$37.37 million for the quarter. Analysts anticipate 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.

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