Kangaroo Island Plantation Timbers (ASX:KPT) Shares Down 3.5%

Kangaroo Island Plantation Timbers Ltd (ASX:KPT) shares fell 3.5% on Thursday . The stock traded as low as A$2.32 ($1.65) and last traded at A$2.50 ($1.77), 16,802 shares traded hands during mid-day trading. The stock had previously closed at A$2.59 ($1.84).

The company has a market capitalization of $140.20 million and a P/E ratio of 500.00. The business’s 50-day moving average price is A$2.30. The company has a debt-to-equity ratio of 21.51, a current ratio of 8.51 and a quick ratio of 7.86.

About Kangaroo Island Plantation Timbers (ASX:KPT)

Kangaroo Island Plantation Timbers Limited, together with its subsidiaries, engages in the forestry management activities in Australia. It is involved in the management of hardwood and softwood forestry plantations; and production of timber on the Kangaroo Island, as well as milling operations. The company was formerly known as RuralAus Investments Limited and changed its name to Kangaroo Island Plantation Timbers Limited in July 2013.

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