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Monarch Cement (OTCMKTS:MCEM) Stock Price Passes Below 50 Day Moving Average - What's Next?

Monarch Cement logo with Construction background

The Monarch Cement Co. (OTCMKTS:MCEM - Get Free Report)'s share price 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 trading hands.

Monarch Cement Stock Up 1.3%

The business has a 50 day moving average of $242.70 and a 200 day moving average of $231.18. The company has a market capitalization of $885.72 million, a P/E ratio of 17.02 and a beta of 0.58.

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

Monarch Cement Company Profile

(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.

Further Reading

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