Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Sets New 1-Year High – Here’s Why

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) shares hit a new 52-week high on Thursday . The stock traded as high as C$20.00 and last traded at C$19.93, with a volume of 125315 shares. The stock had previously closed at C$19.74.

Analyst Upgrades and Downgrades

AD.UN has been the subject of several recent research reports. CIBC lifted their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Cormark raised their target price on Alaris Equity Partners Income Trust (AD.UN) from C$24.00 to C$26.00 in a research note on Wednesday, December 11th.

Alaris Equity Partners Income Trust (AD.UN) Stock Up 1.9 %

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 stock has a 50 day simple moving average of C$19.15 and a 200 day simple moving average of C$17.89. The firm has a market capitalization of C$914.55 million, a PE ratio of 4.48, a PEG ratio of 0.80 and a beta of 2.08.

Insider Activity

In other news, Senior Officer Matthew Mcintyre sold 5,419 shares of the business’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 Alaris Equity Partners Income Trust (AD.UN) stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of C$19.29, for a total value of C$77,160.00. Insiders own 2.23% of the company’s stock.

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.