Monarch Cement (OTCMKTS:MCEM) Share Price Crosses Below Fifty Day Moving Average - Here's What Happened

Key Points

• Monarch Cement's share price fell below its fifty-day moving average of $235.79, trading at $232.64 with a volume of 998 shares.
• The company reported a quarterly EPS of $4.99 and a net margin of 19.56%, contributing to a market capitalization of $851.48 million.
• Monarch Cement recently declared a $0.83 dividend, with a yield of 140.0%, paid to shareholders on September 5th.

Shares of The Monarch Cement Co. (OTCMKTS:MCEM - Get Free Report) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $235.79 and traded as low as $231.80. Monarch Cement shares last traded at $232.64, with a volume of 998 shares.

Monarch Cement Stock Performance

The stock has a market cap of $851.48 million, a price-to-earnings ratio of 14.48 and a beta of 0.60. The business's fifty day simple moving average is $235.79 and its 200 day simple moving average is $235.69.

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

Monarch Cement Dividend Announcement

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