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

Key Points

• Technical: Monarch Cement's stock crossed above its 50‑day moving average (50‑day MA $255.18), trading as high as $258.50 and last at $255.00, even though the share price was down about 1.4% on the day.
• Fundamentals: Market cap roughly $953.7M, P/E of 14.78 and a low volatility beta of 0.40; the 50‑day MA sits above the 200‑day MA ($255.18 vs $238.26), suggesting a recent uptrend.
• Recent results: The company reported $5.10 EPS on $68.67M in quarterly revenue, with a 13% return on equity and a 22% net margin, indicating solid profitability.

The Monarch Cement Co. (OTCMKTS:MCEM - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $255.18 and traded as high as $258.50. Monarch Cement shares last traded at $255.00, with a volume of 374 shares.

Monarch Cement Stock Down 1.4%

The stock has a market cap of $953.70 million, a price-to-earnings ratio of 14.78 and a beta of 0.40. The company's 50-day simple moving average is $255.18 and its 200-day simple moving average is $238.26.

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

Monarch Cement Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.