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

Key Points

• Monarch Cement shares fell below their fifty-day moving average of $238.67, trading as low as $230.00 with a total volume of 669 shares.
• The company's latest earnings report indicated an EPS of $4.99 for the quarter, with a net margin of 19.56% and a return on equity of 12.41%.
• Monarch Cement has a market capitalization of $841.80 million and is engaged in various construction-related manufacturing and sales, primarily focused on cement products.

The Monarch Cement Co. (OTCMKTS:MCEM - Get Free Report) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $238.67 and traded as low as $230.00. Monarch Cement shares last traded at $230.00, with a volume of 669 shares.

Monarch Cement Price Performance

The company's 50-day moving average is $237.90 and its two-hundred day moving average is $234.61. The firm has a market cap of $867.05 million, a P/E ratio of 14.74 and a beta of 0.58.

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

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.