Monarch Cement (OTCMKTS:MCEM) Shares Pass Above Fifty Day Moving Average – What’s Next?

The Monarch Cement Co. (OTCMKTS:MCEM)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $267.97 and traded as high as $287.00. Monarch Cement shares last traded at $287.00, with a volume of 118 shares changing hands.

Monarch Cement Stock Down 0.7%

The company’s fifty day moving average price is $267.97 and its 200-day moving average price is $249.79. The stock has a market capitalization of $1.07 billion, a PE ratio of 14.67 and a beta of 0.40.

Monarch Cement (OTCMKTS:MCEM) last released its 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 14.75%. The firm had revenue of $49.37 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. The company sells its products principally in the State of Kansas, the State of Iowa, southeast Nebraska, western Missouri, northwest Arkansas, and northern Oklahoma.