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

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as C$20.40 and last traded at C$20.34, with a volume of 96174 shares traded. The stock had previously closed at C$19.95.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. 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 research report on Wednesday, December 11th. Cormark lifted their price objective on 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) Stock Performance

The stock has a market capitalization of C$925.47 million, a P/E ratio of 4.53, a price-to-earnings-growth ratio of 0.80 and a beta of 2.08. The company has a 50-day moving average price of C$19.19 and a two-hundred day moving average price of C$17.97. 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 Activity at Alaris Equity Partners Income Trust (AD.UN)

In other Alaris Equity Partners Income Trust (AD.UN) news, Senior Officer Curtis James Krawetz sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of C$19.29, for a total transaction of C$77,160.00. Also, 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 value of C$102,961.00. 2.23% of the stock is currently owned by corporate insiders.

Alaris Equity Partners Income Trust (AD.UN) Company Profile

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.