Monarch Cement (OTCMKTS:MCEM) Stock Passes Below 50 Day Moving Average – Here’s Why

The Monarch Cement Co. (OTCMKTS:MCEMGet Free Report)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $269.45 and traded as low as $268.00. Monarch Cement shares last traded at $268.00, with a volume of 35 shares traded.

Monarch Cement Price Performance

The firm’s 50 day simple moving average is $269.05 and its two-hundred day simple moving average is $270.58. The firm has a market capitalization of $1.02 billion, a P/E ratio of 13.51 and a beta of 0.40.

Monarch Cement (OTCMKTS:MCEMGet Free Report) last announced its quarterly earnings data on Monday, August 10th. The construction company reported $5.65 earnings per share (EPS) for the quarter. The firm 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

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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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