The Monarch Cement Co. (OTCMKTS:MCEM – Get Free Report) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 91 shares, a decrease of 58.4% from the August 15th total of 219 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 490 shares, the short-interest ratio is currently 0.2 days.
Monarch Cement Price Performance
MCEM stock opened at $270.00 on Monday. Monarch Cement has a 12 month low of $207.00 and a 12 month high of $299.75. The company has a market capitalization of $1.01 billion, a P/E ratio of 13.35 and a beta of 0.40. The firm’s fifty day simple moving average is $271.02 and its 200-day simple moving average is $270.20.
Monarch Cement (OTCMKTS:MCEM – Get Free Report) last issued its earnings results on Monday, August 10th. The construction company reported $5.65 EPS for the quarter. Monarch Cement had a return on equity of 17.20% and a net margin of 28.98%.The firm had revenue of $69.74 million for the quarter.
About Monarch Cement
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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