Orora (OTCMKTS:ORRYY) Trading Down 26.2% – Here’s What Happened

Shares of Orora Limited (OTCMKTS:ORRYY) traded down 26.2% during mid-day trading on Monday . The company traded as low as $9.59 and last traded at $9.59. 1,439 shares traded hands during trading, an increase of 5% from the average session volume of 1,369 shares. The stock had previously closed at $13.00.

Orora Stock Performance

The business has a 50-day simple moving average of $11.31 and a 200-day simple moving average of $12.09.

Orora Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 3rd will be issued a dividend of $0.2517 per share. The ex-dividend date of this dividend is Monday, March 3rd. This is a positive change from Orora’s previous dividend of $0.22.

Orora Company Profile

Orora Limited designs, 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 operates through Orora Australasia and Orora North America segments. It also provides glass bottles, aluminum cans, tabs, and ends, closures and caps, boxes and cartons, point-of-purchase displays, packaging equipment, rigid and flexible packaging, and general packaging materials and supplies.