Monarch Cement (OTCMKTS:MCEM) Stock Passes Below Two Hundred Day Moving Average - Here's Why

Key Points

• Monarch Cement's stock price fell below its two hundred day moving average of $236.29, trading as low as $230.00 during recent market activity.
• The company reported earnings of $4.99 EPS with a revenue of $67.83 million for the last quarter, indicating a strong financial performance.
• A recent dividend of $0.83 was declared, resulting in a notable dividend yield of 140.0%, with a payout ratio of 20.66%.

The Monarch Cement Co. (OTCMKTS:MCEM - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $236.29 and traded as low as $230.00. Monarch Cement shares last traded at $230.01, with a volume of 2,739 shares traded.

Monarch Cement Trading Down 1.7%

The company has a 50 day moving average price of $234.00 and a 200 day moving average price of $236.29. The firm has a market cap of $842.30 million, a PE ratio of 14.31 and a beta of 0.59.

Monarch Cement (OTCMKTS:MCEM - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The construction company reported $4.99 EPS for the quarter. The business had revenue of $67.83 million for 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. Shareholders of record on Tuesday, August 26th were issued a $0.83 dividend. 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 is 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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