Monarch Cement (OTCMKTS:MCEM) Stock Crosses Above Fifty Day Moving Average - Here's What Happened

Key Points

• Monarch Cement's shares recently crossed above the 50-day moving average of $237.63, with a trading high of $243.49.
• The company reported $4.99 earnings per share for the last quarter, with a net margin of 19.56% and revenue of $67.83 million.
• A dividend of $0.83 has been announced, reflecting a yield of 140.0%, set to be paid on September 5th to investors of record as of August 26th.

The Monarch Cement Co. (OTCMKTS:MCEM - Get Free Report)'s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $237.63 and traded as high as $243.49. Monarch Cement shares last traded at $235.70, with a volume of 1,619 shares traded.

Monarch Cement Stock Performance

The business's 50 day moving average price is $237.81 and its two-hundred day moving average price is $235.04. The company has a market capitalization of $890.78 million, a price-to-earnings ratio of 15.14 and a beta of 0.58.

Monarch Cement (OTCMKTS:MCEM - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The construction company reported $4.99 earnings per share for the quarter. Monarch Cement had a net margin of 19.56% and a return on equity of 12.41%. The company had revenue of $67.83 million during the quarter.

Monarch Cement Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, September 5th. Investors of record on Tuesday, August 26th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Monday, August 25th. This represents a yield of 140.0%. Monarch Cement's dividend 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.