Monarch Cement (OTCMKTS:MCEM) Trading 3.6% Higher – Time to Buy?

Shares of The Monarch Cement Co. (OTCMKTS:MCEM) were up 3.6% on Friday . The stock traded as high as $235.00 and last traded at $232.01. Approximately 699 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 1,584 shares. The stock had previously closed at $224.01.

Monarch Cement Price Performance

The stock has a market capitalization of $858.27 million, a P/E ratio of 15.33 and a beta of 0.44. The firm has a fifty day moving average of $220.45 and a two-hundred day moving average of $230.13.

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

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.