Insider Selling: Orora Ltd (ORA) Insider Sells A$1,998,360.00 in Stock

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Orora Ltd (ASX:ORA) insider Nigel Garrard sold 630,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was 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).

Orora stock opened at A$3.05 ($2.16) on Friday. Orora Ltd has a 12-month low of A$2.92 ($2.07) and a 12-month high of A$3.72 ($2.64). The stock has a market cap of $3.65 billion and a price-to-earnings ratio of 16.67. 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 declared a Interim dividend, which will be paid on Thursday, April 11th. Shareholders of record on Thursday, April 11th will be paid a dividend of $0.065 per share. The ex-dividend date 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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About Orora

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: Cost of equity and a company’s balance sheet

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