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

The Monarch Cement Co. (OTCMKTS:MCEM)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $234.55 and traded as high as $241.97. Monarch Cement shares last traded at $241.50, with a volume of 518 shares changing hands.

Monarch Cement Price Performance

The company’s 50 day moving average is $234.55 and its two-hundred day moving average is $230.28. The firm has a market cap of $883.89 million, a P/E ratio of 15.78 and a beta of 0.46.

Monarch Cement (OTCMKTS:MCEM) last released its quarterly earnings results on Wednesday, November 12th. The construction company reported $6.44 earnings per share (EPS) 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 during the quarter.

About Monarch Cement

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.