Monarch Cement (OTCMKTS:MCEM) Reaches New 12-Month High - Here's Why

Key Points

• Monarch Cement shares hit a new 52-week high of $272.00 on Monday, up from a prior close of $260.95, on a volume of 1,353 shares.
• The company has a market capitalization of $1.03 billion and a P/E of 15.98, and reported strong quarterly results with EPS of $5.10, revenue of $68.67 million, and a net margin of 22%.
• Monarch manufactures and sells portland cement and related products primarily across Kansas, Iowa, southeast Nebraska, western Missouri, northwest Arkansas, and northern Oklahoma.

The Monarch Cement Co. (OTCMKTS:MCEM - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $272.00 and last traded at $272.00, with a volume of 1353 shares traded. The stock had previously closed at $260.95.

Monarch Cement Price Performance

The company has a market capitalization of $1.03 billion, a P/E ratio of 15.98 and a beta of 0.35. The business has a 50-day moving average of $255.00 and a 200-day moving average of $238.64.

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

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