Monarch Cement (OTCMKTS:MCEM) Sees Unusually-High Trading Volume - What's Next?

Key Points

• Monarch Cement's shares experienced a significant spike in trading volume, increasing by 204% with about 4,430 shares traded on Monday compared to the previous session.
• The company reported $4.99 earnings per share for the last quarter, along with a return on equity of 12.31% and a net margin of 19.56%.
• Monarch Cement also declared a dividend of $0.83 per share, yielding 140.0% with a dividend payout ratio of 20.66%.

Shares of The Monarch Cement Co. (OTCMKTS:MCEM - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 4,430 shares were traded during mid-day trading, an increase of 204% from the previous session's volume of 1,455 shares.The stock last traded at $242.00 and had previously closed at $240.00.

Monarch Cement Stock Performance

The firm's 50 day moving average price is $236.87 and its two-hundred day moving average price is $235.58. The company has a market cap of $849.12 million, a P/E ratio of 14.44 and a beta of 0.59.

Monarch Cement (OTCMKTS:MCEM - Get Free Report) last released its quarterly earnings data on Friday, August 8th. The construction company reported $4.99 earnings per share for the quarter. The company had revenue of $67.83 million during the quarter. Monarch Cement had a net margin of 19.56% and a return on equity of 12.31%.

Monarch Cement Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, September 5th. Shareholders of record on Tuesday, August 26th were paid a dividend of $0.83 per share. This represents a yield of 140.0%. The ex-dividend date was Monday, August 25th. Monarch Cement's payout ratio is 20.66%.

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.