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Monarch Cement (OTCMKTS:MCEM) Stock Crosses Above 50 Day Moving Average - Here's Why

Monarch Cement logo with Construction background

The Monarch Cement Company (OTCMKTS:MCEM - Get Free Report)'s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $225.78 and traded as high as $236.70. Monarch Cement shares last traded at $233.00, with a volume of 1,489 shares.

Monarch Cement Price Performance

The firm has a 50 day simple moving average of $226.52 and a 200-day simple moving average of $218.55. The stock has a market capitalization of $879.80 million, a price-to-earnings ratio of 11.34 and a beta of 0.53.

Monarch Cement (OTCMKTS:MCEM - Get Free Report) last announced its earnings results on Friday, March 14th. The construction company reported $3.15 EPS for the quarter. The company had revenue of $65.57 million for the quarter. Monarch Cement had a return on equity of 21.86% and a net margin of 28.76%.

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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