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

Key Points

• Monarch Cement's stock price has recently surpassed its 50-day moving average, reaching a peak of $241.75, though it last traded at $236.00.
• The company reported a quarterly earnings per share (EPS) of $4.99, with a revenue of $67.83 million and a net margin of 19.56%.
• A dividend of $0.83 per share will be paid to shareholders on September 5th, representing a yield of 140.0%.

Shares of The Monarch Cement Co. (OTCMKTS:MCEM - Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $237.82 and traded as high as $241.75. Monarch Cement shares last traded at $236.00, with a volume of 92 shares.

Monarch Cement Stock Performance

The firm has a fifty day simple moving average of $237.82 and a 200-day simple moving average of $235.26. The company has a market capitalization of $863.76 million, a PE ratio of 14.69 and a beta of 0.58.

Monarch Cement (OTCMKTS:MCEM - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The construction company reported $4.99 earnings per share (EPS) for the quarter. Monarch Cement had a return on equity of 12.41% and a net margin of 19.56%.The company had revenue of $67.83 million for the quarter.

Monarch Cement Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, September 5th. Shareholders of record on Tuesday, August 26th will be issued a dividend of $0.83 per share. The ex-dividend date is Monday, August 25th. This represents a yield of 140.0%. Monarch Cement's payout ratio is currently 20.66%.

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.

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