Monarch Cement (OTCMKTS:MCEM) Shares Pass Above 50 Day Moving Average – Here’s What Happened

The Monarch Cement Co. (OTCMKTS:MCEMGet Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $267.97 and traded as high as $287.00. Monarch Cement shares last traded at $287.00, with a volume of 118 shares changing hands.

Monarch Cement Trading Down 0.7%

The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 14.67 and a beta of 0.40. The stock has a fifty day moving average price of $267.97 and a 200 day moving average price of $249.79.

Monarch Cement (OTCMKTS:MCEMGet Free Report) last released its earnings results on Friday, May 8th. The construction company reported $3.03 earnings per share (EPS) for the quarter. The firm had revenue of $49.37 million for the quarter. Monarch Cement had a return on equity of 14.75% and a net margin of 24.43%.

Monarch Cement Company Profile

(Get Free Report)

The Monarch Cement Company engages in the manufacture and sale of portland cement in the United States. The company also provides masonry cement, ready-mixed concrete, concrete products, and sundry building materials. It primarily serves contractors, ready-mixed concrete plants, concrete products plants, building materials dealers, and governmental agencies. The company sells its products principally in the State of Kansas, the State of Iowa, southeast Nebraska, western Missouri, northwest Arkansas, and northern Oklahoma.

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