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Monarch Cement (OTCMKTS:MCEM) Shares Gap Up - Time to Buy?

Monarch Cement logo with Construction background

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%.
  • MarketBeat previews top five stocks to own in November.

The Monarch Cement Co. (OTCMKTS:MCEM - Get Free Report)'s stock price gapped up before the market opened 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 traded.

Monarch Cement Trading Up 0.2%

The business's fifty day moving average price is $236.62 and its 200 day moving average price is $235.63. The company has a market capitalization of $845.53 million, a P/E ratio of 14.38 and a beta of 0.60.

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

Monarch Cement Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 5th. Stockholders of record on Tuesday, August 26th were issued a dividend of $0.83 per share. This represents a dividend yield of 140.0%. The ex-dividend date of this dividend was Monday, August 25th. Monarch Cement's dividend payout ratio (DPR) is presently 20.66%.

Monarch Cement Company Profile

(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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