Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Hits New 1-Year High – Should You Buy?

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN)’s share price hit a new 52-week high during trading on Thursday . The company 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.

Wall Street Analyst Weigh In

AD.UN has been the topic of several analyst reports. CIBC boosted their target price 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 research report on Wednesday, December 11th. Cormark boosted their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$24.00 to C$26.00 in a research report on Wednesday, December 11th.

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

The firm has a 50-day simple moving average of C$19.13 and a 200-day simple moving average of C$17.85. The firm has a market cap of C$897.26 million, a P/E ratio of 4.39, a PEG ratio of 0.80 and a beta of 2.08. The company has a current ratio of 0.60, a quick ratio of 2.36 and a debt-to-equity ratio of 6.33.

Insider Buying and Selling at Alaris Equity Partners Income Trust (AD.UN)

In other Alaris Equity Partners Income Trust (AD.UN) news, Senior Officer Matthew Mcintyre sold 5,419 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$19.00, for a total value of C$102,961.00. Also, Senior Officer Curtis James Krawetz sold 4,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was 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 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.