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

Monarch Cement logo with Construction background

The Monarch Cement Company (OTCMKTS:MCEM - Get Free Report) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $225.78 and traded as high as $236.70. Monarch Cement shares last traded at $233.00, with a volume of 1,489 shares traded.

Monarch Cement Stock Performance

The stock's fifty day simple moving average is $226.34 and its 200-day simple moving average is $217.80. The stock has a market cap of $879.80 million, a P/E ratio of 11.34 and a beta of 0.53.

Monarch Cement (OTCMKTS:MCEM - Get Free Report) last announced its quarterly earnings data on Friday, March 14th. The construction company reported $3.15 EPS for the quarter. Monarch Cement had a net margin of 28.76% and a return on equity of 21.86%. The business had revenue of $65.57 million during the quarter.

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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