Monarch Cement (OTCMKTS:MCEM) Reaches New 1-Year High – Here’s What Happened

Shares of The Monarch Cement Co. (OTCMKTS:MCEMGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $290.00 and last traded at $290.00, with a volume of 15 shares trading hands. The stock had previously closed at $287.49.

Monarch Cement Trading Up 0.8%

The firm’s 50 day simple moving average is $262.74 and its 200-day simple moving average is $245.49. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 14.82 and a beta of 0.35.

Monarch Cement (OTCMKTS:MCEMGet Free Report) last issued its quarterly earnings results on Friday, May 8th. The construction company reported $3.03 earnings per share (EPS) for the quarter. Monarch Cement had a net margin of 24.43% and a return on equity of 14.90%. The firm had revenue of $49.37 million for the quarter.

Monarch Cement Company Profile

(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. The company sells its products principally in the State of Kansas, the State of Iowa, southeast Nebraska, western Missouri, northwest Arkansas, and northern Oklahoma.

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