Insider Selling: Orora Ltd (ORA) Insider Sells 630,000 Shares of Stock
Orora Ltd (ASX:ORA) insider Nigel Garrard sold 630,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of A$3.17 ($2.25), for a total transaction of A$1,998,360.00 ($1,417,276.60).
ORA opened at A$3.05 ($2.16) on Friday. The company has a market cap of $3.65 billion and a PE ratio of 16.67. Orora Ltd has a 52-week low of A$2.92 ($2.07) and a 52-week high of A$3.72 ($2.64). The company has a debt-to-equity ratio of 58.74, a quick ratio of 0.55 and a current ratio of 1.05.
The company also recently disclosed a Interim dividend, which will be paid on Thursday, April 11th. Stockholders of record on Thursday, April 11th will be paid a dividend of $0.065 per share. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a dividend yield of 1.93%. Orora’s dividend payout ratio is currently 71.04%.
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Orora Limited manufactures and supplies packaging products and services to the grocery, fast moving consumer goods, and industrial markets in Australia, New Zealand, the United States, and internationally. The company offers glass bottles, aluminum cans, closures and caps, boxes and cartons, point-of-purchase displays, packaging equipment, recycled paper, rigid and flexible packaging, bags and sacks, general packaging, and general packaging materials and supplies.
Further Reading: What is the Gross Domestic Product (GDP)?
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