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Monarch Cement (OTCMKTS:MCEM) Shares Gap Down - Here's Why

Monarch Cement logo with Construction background

The Monarch Cement Co. (OTCMKTS:MCEM - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $244.75, but opened at $236.80. Monarch Cement shares last traded at $244.69, with a volume of 3 shares.

Monarch Cement Stock Performance

The firm has a market capitalization of $882.06 million, a PE ratio of 16.95 and a beta of 0.58. The company's fifty day moving average price is $242.24 and its two-hundred day moving average price is $232.50.

Monarch Cement (OTCMKTS:MCEM - Get Free Report) last posted its earnings results on Friday, May 9th. The construction company reported $0.72 earnings per share (EPS) for the quarter. The company had revenue of $38.72 million for 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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