The Monarch Cement Co. (OTCMKTS:MCEM – Get Free Report) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 30 shares, a drop of 67.0% from the August 31st total of 91 shares. Based on an average trading volume of 1,626 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.
Monarch Cement Stock Down 3.1%
MCEM stock traded down $8.44 during midday trading on Tuesday, reaching $265.99. The company’s stock had a trading volume of 137 shares, compared to its average volume of 551. The business’s 50-day simple moving average is $268.12 and its 200-day simple moving average is $270.80. Monarch Cement has a 52 week low of $207.00 and a 52 week high of $299.75. The stock has a market cap of $986.82 million, a PE ratio of 13.15 and a beta of 0.40.
Monarch Cement (OTCMKTS:MCEM – Get Free Report) last released its earnings results on Monday, August 10th. The construction company reported $5.65 earnings per share (EPS) for the quarter. The company had revenue of $69.74 million for the quarter. Monarch Cement had a return on equity of 17.20% and a net margin of 28.98%.
Monarch Cement Company Profile
Monarch Cement Company manufactures and sells cement products for use in commercial, residential, infrastructure and industrial construction. Its product portfolio includes Portland cement, blended cement, masonry cement and specialty cement products designed for applications such as concrete production, mortar and oil-well construction.
Founded in 1908, the company is headquartered in Humboldt, Kansas. Monarch Cement operates a cement manufacturing facility in Kansas and supplies customers through a regional distribution network serving markets in the central United States, including Kansas, Missouri, Oklahoma and neighboring states.
The company primarily sells its products to ready-mix concrete producers, concrete product manufacturers, contractors, construction-material distributors and other industrial customers.
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