Monarch Cement (OTCMKTS:MCEM) Shares Pass Above Fifty Day Moving Average – What’s Next?

The Monarch Cement Co. (OTCMKTS:MCEMGet Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $223.49 and traded as high as $225.00. Monarch Cement shares last traded at $217.55, with a volume of 336 shares traded.

Monarch Cement Price Performance

The business has a 50-day moving average of $223.49 and a two-hundred day moving average of $233.61. The company has a market cap of $796.67 million, a P/E ratio of 13.54 and a beta of 0.57.

Monarch Cement (OTCMKTS:MCEMGet Free Report) last announced its earnings results on Wednesday, November 12th. The construction company reported $6.44 EPS for the quarter. Monarch Cement had a net margin of 19.56% and a return on equity of 12.31%. The business had revenue of $73.05 million during the quarter.

About Monarch Cement

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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.

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