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

Key Points

• Shares of Monarch Cement (MCEM) crossed above its 50-day moving average of $251.78 on Wednesday, trading as high as $254.38 and last at $251.20 on volume of 359 shares.
• The company reported quarterly EPS of $5.10, revenue of $68.67 million, a return on equity of 13% and a net margin of 22%.
• Monarch Cement has a market cap of $919.39 million, a P/E of 14.56 and manufactures portland cement and related products primarily across Kansas, Iowa, southeast Nebraska, western Missouri, northwest Arkansas and northern Oklahoma.

Shares of The Monarch Cement Co. (OTCMKTS:MCEM - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $251.78 and traded as high as $254.38. Monarch Cement shares last traded at $251.20, with a volume of 359 shares trading hands.

Monarch Cement Stock Performance

The stock has a market cap of $919.39 million, a P/E ratio of 14.56 and a beta of 0.40. The company has a 50-day simple moving average of $251.78 and a 200-day simple moving average of $235.75.

Monarch Cement (OTCMKTS:MCEM - Get Free Report) last announced its earnings results on Friday, March 13th. The construction company reported $5.10 EPS for the quarter. Monarch Cement had a return on equity of 13.00% and a net margin of 22.00%.The company had revenue of $68.67 million for the quarter.

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. The company sells its products principally in the State of Kansas, the State of Iowa, southeast Nebraska, western Missouri, northwest Arkansas, and northern Oklahoma.

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