Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Hits New 1-Year High – Time to Buy?

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) hit a new 52-week high on Friday . The stock traded as high as C$18.11 and last traded at C$18.11, with a volume of 87702 shares. The stock had previously closed at C$17.74.

Analyst Ratings Changes

Separately, Cormark lifted their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$20.50 to C$21.00 in a research note on Tuesday, August 6th.

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

The stock has a 50 day simple moving average of C$16.69 and a two-hundred day simple moving average of C$16.34. The company has a market capitalization of C$825.37 million, a price-to-earnings ratio of 3.95, a PEG ratio of 0.80 and a beta of 2.08. The company has a debt-to-equity ratio of 6.33, a current ratio of 0.60 and a quick ratio of 2.36.

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

Alaris Royalty Corp. is a private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments. The firm does not invest in turnarounds and start-ups. It prefers to invest in the companies based in all industries except for those with a declining asset base, such as oil and gas resource companies, or any industry that carry the risk of obsolescence such as high tech and focuses on business services, professional services, information services, healthcare services, distribution & logistics, industrials, consumer products.