Monarch Cement (OTCMKTS:MCEM) Shares Gap Up – Still a Buy?

The Monarch Cement Co. (OTCMKTS:MCEM)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $224.01, but opened at $236.00. Monarch Cement shares last traded at $236.00, with a volume of 6 shares.

Monarch Cement Stock Performance

The firm has a market cap of $854.76 million, a P/E ratio of 15.26 and a beta of 0.44. The stock has a fifty day simple moving average of $220.45 and a 200 day simple moving average of $230.03.

Monarch Cement (OTCMKTS:MCEM) last posted its earnings results on Wednesday, November 12th. The construction company reported $6.44 EPS for the quarter. Monarch Cement had a net margin of 19.60% and a return on equity of 11.63%. The business had revenue of $73.05 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.