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

The Monarch Cement Co. (OTCMKTS:MCEM)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $251.78 and traded as high as $254.38. Monarch Cement shares last traded at $251.20, with a volume of 359 shares changing hands.

Monarch Cement Stock Performance

The firm’s fifty day moving average price is $251.81 and its 200-day moving average price is $235.80. The company has a market cap of $891.21 million, a P/E ratio of 14.12 and a beta of 0.40.

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