Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$16.32 and traded as high as C$18.00. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$17.80, with a volume of 49,406 shares trading hands.

Wall Street Analysts Forecast Growth

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

Alaris Equity Partners Income Trust (AD.UN) Trading Up 2.7 %

The business’s 50 day moving average price is C$16.69 and its 200-day moving average price is C$16.34. 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 company has a market cap of C$829.01 million, a price-to-earnings ratio of 4.04, a PEG ratio of 0.80 and a beta of 2.08.

About Alaris Equity Partners Income Trust (AD.UN)

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.