Monarch Cement (OTCMKTS:MCEM) Stock Crosses Below 200-Day Moving Average - Here's What Happened

Key Points

• Monarch Cement's shares have fallen below their 200-day moving average of $235.58, trading as low as $230.11, with the last recorded price at $232.00.
• The company reported $4.99 EPS and $67.83 million in revenue for its latest quarter, showing a net margin of 19.56% and a return on equity of 12.31%.
• Monarch Cement recently declared a dividend of $0.83 with a dividend yield of 140.0%, reflecting a payout ratio of 20.66%.

The Monarch Cement Co. (OTCMKTS:MCEM - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $235.58 and traded as low as $230.11. Monarch Cement shares last traded at $232.00, with a volume of 950 shares traded.

Monarch Cement Stock Performance

The firm has a market cap of $846.78 million, a P/E ratio of 14.40 and a beta of 0.59. The company has a 50-day moving average of $236.17 and a 200 day moving average of $235.58.

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

Monarch Cement Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, September 5th. Investors of record on Tuesday, August 26th were issued a dividend of $0.83 per share. This represents a yield of 140.0%. The ex-dividend date of this dividend was Monday, August 25th. 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.