Alaris Royalty (TSE:AD) Stock Price Passes Above 200 Day Moving Average of $19.93

Shares of Alaris Royalty Corp. (TSE:AD) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.93 and traded as high as $22.00. Alaris Royalty shares last traded at $21.90, with a volume of 97,071 shares.

A number of research analysts have recently commented on AD shares. Royal Bank of Canada increased their price target on Alaris Royalty from C$23.00 to C$25.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Desjardins raised their price objective on Alaris Royalty from C$23.50 to C$24.00 in a report on Wednesday, November 6th. Finally, National Bank Financial boosted their price objective on Alaris Royalty from C$19.00 to C$20.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$22.67.

The company has a 50 day moving average price of C$21.13 and a 200-day moving average price of C$19.93. The company has a quick ratio of 1.94, a current ratio of 4.71 and a debt-to-equity ratio of 55.60. The company has a market cap of $806.26 million and a price-to-earnings ratio of 11.17.

The firm also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were given a dividend of $0.1375 per share. The ex-dividend date was Wednesday, October 30th. This represents a $1.65 annualized dividend and a yield of 7.54%. Alaris Royalty’s dividend payout ratio is presently 84.06%.

In other news, Director E. Mitchell Shier sold 2,500 shares of Alaris Royalty stock in a transaction on Friday, November 22nd. The shares were sold at an average price of C$21.99, for a total transaction of C$54,968.00. Following the transaction, the director now owns 22,500 shares in the company, valued at C$494,712.

Alaris Royalty Company Profile (TSE:AD)

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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