Monarch Cement (OTCMKTS:MCEM) Share Price Passes Above 50-Day Moving Average - Here's What Happened

Key Points

• Monarch Cement's stock crossed above its 50-day moving average of $241.64, trading as high as $242.51 with a current trading volume of 568 shares.
• The company reported a net margin of 20.30% and a return on equity of 13.45%, with earnings per share of $0.72 and revenue of $38.72 million for the last quarter.
• Monarch Cement has a market capitalization of $887.59 million and a P/E ratio of 17.05, indicating its valuation relative to earnings.

Shares of The Monarch Cement Co. (OTCMKTS:MCEM - Get Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $241.64 and traded as high as $242.51. Monarch Cement shares last traded at $242.51, with a volume of 568 shares trading hands.

Monarch Cement Stock Up 0.3%

The stock's 50 day moving average is $241.11 and its two-hundred day moving average is $233.58. The company has a market capitalization of $874.74 million, a PE ratio of 16.81 and a beta of 0.58.

Monarch Cement (OTCMKTS:MCEM - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The construction company reported $0.72 earnings per share for the quarter. The company had revenue of $38.72 million during the quarter. Monarch Cement had a net margin of 20.30% and a return on equity of 13.45%.

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.