The stock of Alaris Royalty Corp. (TSE:AD) hit a new 52-week low and has $19.06 target or 9.00% below today’s $20.95 share price. The 7 months bearish chart indicates high risk for the $758.69 million company. The 1-year low was reported on Oct, 17 by Barchart.com. If the $19.06 price target is reached, the company will be worth $68.28M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 16,915 shares traded hands. Alaris Royalty Corp. (TSE:AD) has declined 21.64% since March 10, 2016 and is downtrending. It has underperformed by 27.25% the S&P500.
Alaris Royalty Corp. (TSE:AD) Ratings Coverage
Out of 6 analysts covering Alaris Royalty Corp (TSE:AD), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. $38 is the highest target while $25 is the lowest. The $32.79 average target is 56.52% above today’s ($20.95) stock price. Alaris Royalty Corp has been the topic of 12 analyst reports since August 10, 2015 according to StockzIntelligence Inc. As per Thursday, May 12, the company rating was downgraded by GMP Securities. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, June 29. As per Wednesday, July 20, the company rating was maintained by Scotia Capital. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, October 12. The stock of Alaris Royalty Corp. (TSE:AD) has “Buy” rating given on Monday, August 10 by Canaccord Genuity. RBC Capital Markets maintained the shares of AD in a report on Wednesday, July 20 with “Sector Perform” rating.
Another recent and important Alaris Royalty Corp. (TSE:AD) news was published by Marketwired.com which published an article titled: “Alaris Royalty Corp. Announces the Repurchase of Its Units In Solowave For a …” on October 03, 2016.
Alaris Royalty Corp. is a Canada-based firm providing capital to private businesses . The company has a market cap of $758.69 million. The Company’s activities consist of investments in private operating entities in the form of preferred limited partnership interests, preferred interest in limited liability firms in the United States, or long-term license and royalty arrangements. It has a 13.9 P/E ratio. The Firm is an equity well-known provider to service a niche in the capital market, such as steady growth companies with an entrepreneurial management team, incentivized to grow and maintain control of their business.
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