Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Reaches New 52-Week High – Time to Buy?

Shares of Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$18.88 and last traded at C$18.85, with a volume of 3583 shares changing hands. The stock had previously closed at C$18.82.

Analysts Set New Price Targets

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

Alaris Equity Partners Income Trust (AD.UN) Stock Down 1.2 %

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 firm has a 50 day moving average price of C$17.21 and a 200-day moving average price of C$16.46. The firm has a market cap of C$854.04 million, a price-to-earnings ratio of 4.18, a P/E/G 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.