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Monarch Cement (OTCMKTS:MCEM) Stock Price Crosses Below 50 Day Moving Average - Here's Why

Monarch Cement logo with Construction background

The Monarch Cement Co. (OTCMKTS:MCEM - Get Free Report) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $242.78 and traded as low as $237.01. Monarch Cement shares last traded at $238.66, with a volume of 23 shares changing hands.

Monarch Cement Stock Performance

The business has a 50 day moving average price of $242.70 and a two-hundred day moving average price of $231.18. The company has a market cap of $874.85 million, a P/E ratio of 16.80 and a beta of 0.58.

Monarch Cement (OTCMKTS:MCEM - Get Free Report) last released its earnings results 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 return on equity of 13.45% and a net margin of 20.30%.

About Monarch Cement

(Get Free Report)

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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