Orora (OTCMKTS:ORRYY) Shares Down 3.5% – Here’s Why

Shares of Orora Limited (OTCMKTS:ORRYY) fell 3.5% during trading on Tuesday . The stock traded as low as $14.72 and last traded at $14.72. 590 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 2,330 shares. The stock had previously closed at $15.26.

Orora Price Performance

The firm has a 50-day moving average of $13.37 and a 200 day moving average of $12.17.

Orora Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Friday, August 30th were issued a dividend of $0.215 per share. The ex-dividend date of this dividend was Friday, August 30th.

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.