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

Key Points

• Monarch Cement's shares gapped up from a previous close of $233.00 to open at $242.90, with a last trading volume of 2 shares.
• The company reported a quarterly earnings per share of $4.99 with a net margin of 19.56% and a return on equity of 12.31% in its latest earnings announcement.
• Monarch Cement declared a dividend of $0.83 per share, which reflects a yield of 140.0% and a payout ratio of 20.66%.

The Monarch Cement Co. (OTCMKTS:MCEM - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $233.00, but opened at $242.90. Monarch Cement shares last traded at $242.90, with a volume of 2 shares.

Monarch Cement Trading Up 0.4%

The firm has a fifty day moving average of $237.07 and a two-hundred day moving average of $235.58. The company has a market cap of $856.40 million, a PE ratio of 14.56 and a beta of 0.59.

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

Monarch Cement Announces Dividend

The business also recently announced a dividend, which was paid on Friday, September 5th. Shareholders of record on Tuesday, August 26th were paid a $0.83 dividend. The ex-dividend date was Monday, August 25th. This represents a yield of 140.0%. Monarch Cement's dividend payout ratio (DPR) is currently 20.66%.

About Monarch Cement

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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