Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$18.13 and traded as high as C$20.39. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$20.35, with a volume of 171,315 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AD.UN shares. CIBC increased their target price on Alaris Equity Partners Income Trust (AD.UN) from C$24.00 to C$27.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Cormark raised their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$24.00 to C$26.00 in a report on Wednesday, December 11th.

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

The firm has a market capitalization of C$925.93 million, a price-to-earnings ratio of 4.53, a P/E/G ratio of 0.80 and a beta of 2.08. 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 stock has a 50-day moving average price of C$19.24 and a 200 day moving average price of C$18.13.

Insider Activity at Alaris Equity Partners Income Trust (AD.UN)

In other news, Senior Officer Matthew Mcintyre sold 5,419 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of C$19.00, for a total transaction of C$102,961.00. Also, Senior Officer Curtis James Krawetz sold 4,000 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of C$19.29, for a total value of C$77,160.00. 2.23% of the stock is currently owned by corporate insiders.

About Alaris Equity Partners Income Trust (AD.UN)

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.