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

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AD.UN shares. Cormark increased 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. CIBC raised their price target 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 note on Wednesday, December 11th.

Alaris Equity Partners Income Trust (AD.UN) Stock Up 1.8 %

The company has a market cap of C$932.75 million, a PE ratio of 4.57, a P/E/G 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. The company’s 50 day moving average is C$19.22 and its 200 day moving average is C$18.03.

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

In other news, Senior Officer Curtis James Krawetz sold 4,000 shares of the 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 transaction of C$77,160.00. Also, Director Peter Grosskopf acquired 5,000 shares of Alaris Equity Partners Income Trust (AD.UN) stock in a transaction that occurred on Friday, January 10th. The stock was acquired at an average cost of C$18.26 per share, with a total value of C$91,285.00. Corporate insiders own 2.23% of the company’s stock.

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.