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Monarch Cement (OTCMKTS:MCEM) Stock Price Passes Above 50 Day Moving Average - Here's What Happened

Monarch Cement logo with Construction background

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.
  • Five stocks to consider instead of Monarch Cement.

The Monarch Cement Co. (OTCMKTS:MCEM - Get Free Report)'s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty 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 trading hands.

Monarch Cement Stock Performance

The firm has a market cap of $867.42 million, a price-to-earnings ratio of 16.67 and a beta of 0.58. The company has a 50 day moving average price of $240.27 and a 200 day moving average price of $233.86.

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

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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