Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Hits New 12-Month Low at $15.99

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UNGet Rating) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$15.99 and last traded at C$16.01, with a volume of 43774 shares changing hands. The stock had previously closed at C$16.41.

A number of equities analysts have recently commented on the stock. Cormark reaffirmed a “buy” rating and set a C$25.50 target price on shares of Alaris Equity Partners Income Trust (AD.UN) in a research report on Friday, March 11th. Scotiabank increased their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$21.00 to C$23.00 in a research note on Monday, May 9th. CIBC increased their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$22.00 to C$23.50 in a research note on Monday, March 14th. Finally, Royal Bank of Canada downgraded shares of Alaris Equity Partners Income Trust (AD.UN) from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$25.00 to C$24.00 in a research note on Monday, April 25th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) presently has an average rating of “Buy” and an average target price of C$23.89.

The company has a debt-to-equity ratio of 61.50, a current ratio of 3.28 and a quick ratio of 2.57. The business’s fifty day simple moving average is C$18.63 and its two-hundred day simple moving average is C$18.72. The company has a market cap of C$726.91 million and a PE ratio of 5.19.

In related news, Senior Officer Michael Donald Ervin sold 6,000 shares of the business’s stock in a transaction dated Thursday, March 24th. The shares were sold at an average price of C$20.41, for a total transaction of C$122,442.00. Following the transaction, the insider now directly owns 42,673 shares in the company, valued at C$870,827.91. Also, Senior Officer Stephen Walter King sold 5,000 shares of the business’s stock in a transaction dated Tuesday, March 22nd. The stock was sold at an average price of C$20.60, for a total transaction of C$103,000.00. Following the transaction, the insider now owns 829,817 shares in the company, valued at C$17,094,230.20.

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

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