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

Shares of The Monarch Cement Co. (OTCMKTS:MCEM) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $230.73 and traded as high as $244.51. Monarch Cement shares last traded at $238.00, with a volume of 278 shares trading hands.

Monarch Cement Stock Down 0.4%

The stock has a market cap of $871.08 million, a price-to-earnings ratio of 15.56 and a beta of 0.44. The company’s 50-day simple moving average is $230.73 and its 200-day simple moving average is $230.55.

Monarch Cement (OTCMKTS:MCEM) last released its quarterly earnings data on Wednesday, November 12th. The construction company reported $6.44 earnings per share for the quarter. The business had revenue of $73.05 million during the quarter. Monarch Cement had a return on equity of 11.63% and a net margin of 19.60%.

Monarch Cement Company Profile

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.