Monarch Cement (OTCMKTS:MCEM) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

The Monarch Cement Co. (OTCMKTS:MCEM) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $250.96 and traded as high as $255.80. Monarch Cement shares last traded at $255.00, with a volume of 107 shares.

Monarch Cement Price Performance

The company’s 50 day moving average price is $250.96 and its 200 day moving average price is $235.08. The firm has a market capitalization of $933.30 million, a P/E ratio of 14.78 and a beta of 0.44.

Monarch Cement (OTCMKTS:MCEM) last issued its quarterly earnings results on Friday, March 13th. The construction company reported $5.10 earnings per share for the quarter. The business had revenue of $68.67 million during the quarter. Monarch Cement had a net margin of 22.00% and a return on equity of 13.00%.

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.