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)’s share price reached a new 52-week high during trading 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 topic of a number of research analyst reports. Cormark upped their price target on Alaris Equity Partners Income Trust (AD.UN) from C$24.00 to C$26.00 in a report on Wednesday, December 11th. CIBC upped their price target on Alaris Equity Partners Income Trust (AD.UN) from C$24.00 to C$27.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th.

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

The company has a market cap of C$914.55 million, a PE ratio of 4.48, 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. The business has a 50-day moving average of C$19.15 and a 200 day moving average of C$17.89.

Insider Activity at Alaris Equity Partners Income Trust (AD.UN)

In related news, Senior Officer Matthew Mcintyre sold 5,419 shares of the company’s stock in a transaction 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 the company’s stock in a transaction 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. 2.23% of the stock is owned by company insiders.

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.