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) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$19.22 and last traded at C$19.09, with a volume of 33473 shares trading hands. The stock had previously closed at C$19.05.

Analyst Upgrades and Downgrades

Separately, Cormark increased their price objective 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) Trading Down 0.1 %

The company has a market capitalization of C$866.32 million, a price-to-earnings ratio of 4.24, 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 company’s 50 day simple moving average is C$17.88 and its two-hundred day simple moving average is C$16.72.

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.