Monarch Cement (OTCMKTS:MCEM) Sees Unusually-High Trading Volume - Here's Why

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%.

The Monarch Cement Co. (OTCMKTS:MCEM - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 4,430 shares changed hands during 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 Price Performance

The company has a market cap of $871.08 million, a P/E ratio of 14.81 and a beta of 0.60. The stock's 50-day moving average price is $237.18 and its 200-day moving average price is $235.56.

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

Monarch Cement Announces Dividend

The company also recently declared a dividend, which was paid on Friday, September 5th. Shareholders of record on Tuesday, August 26th were issued 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 dividend payout ratio (DPR) is currently 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.

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