Monarch Cement (OTCMKTS:MCEM) Shares Pass Above Fifty Day Moving Average - Should You Sell?

Key Points

• Monarch Cement's stock price surpassed its 50-day moving average of $240.35, reaching a high of $241.90 during trading.
• The company reported a net margin of 20.30% and a return on equity of 13.45%, with earnings per share of $0.72 for the last quarter.
• Monarch Cement has a market capitalization of $867.42 million and serves various sectors including contractors and governmental agencies.

Shares of The Monarch Cement Co. (OTCMKTS:MCEM - Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $240.35 and traded as high as $241.90. Monarch Cement shares last traded at $237.00, with a volume of 420 shares traded.

Monarch Cement Stock Up 0.3%

The company has a market cap of $844.00 million, a price-to-earnings ratio of 16.22 and a beta of 0.58. The business's fifty day simple moving average is $239.75 and its two-hundred day simple moving average is $234.11.

Monarch Cement (OTCMKTS:MCEM - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The construction company reported $0.72 earnings per share (EPS) for the quarter. Monarch Cement had a net margin of 20.30% and a return on equity of 13.45%. The company had revenue of $38.72 million during 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.