Alaris Royalty (AD) Hits New 1-Year High at $18.20

Alaris Royalty Corp. (TSE:AD)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$18.20 and last traded at C$18.23, with a volume of 303103 shares traded. The stock had previously closed at C$16.86.

A number of research firms recently commented on AD. Raymond James Financial raised their price objective on shares of Alaris Royalty from C$20.00 to C$21.00 and gave the company a “market perform” rating in a research note on Tuesday, December 19th. National Bank Financial reduced their target price on shares of Alaris Royalty from C$23.00 to C$20.00 and set an “outperform” rating for the company in a report on Monday, March 12th. Finally, Desjardins upgraded shares of Alaris Royalty from a “hold” rating to a “buy” rating in a report on Tuesday.

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Alaris Royalty (TSE:AD) last issued its earnings results on Monday, March 5th. The company reported C$0.31 earnings per share for the quarter. The firm had revenue of C$21.64 million during the quarter. Alaris Royalty had a negative net margin of 42.91% and a negative return on equity of 14.19%.

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Alaris Royalty Company Profile

Alaris Royalty Corp. is a Canada-based company providing capital to private businesses (individually, a Private Company Partner and collectively the Partners). The Company’s operations consist of investments in private operating entities in the form of preferred limited partnership interests, preferred interest in limited liability corporations in the United States, or long-term license and royalty arrangements.

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