Monarch Cement (OTCMKTS:MCEM) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

The Monarch Cement Co. (OTCMKTS:MCEM) shares passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $265.65 and traded as low as $264.00. Monarch Cement shares last traded at $265.00, with a volume of 1,279 shares.

Monarch Cement Stock Down 0.4%

The stock has a market capitalization of $983.15 million, a price-to-earnings ratio of 13.11 and a beta of 0.38. The business’s 50-day moving average is $264.92 and its two-hundred day moving average is $265.65.

Monarch Cement (OTCMKTS:MCEM) last released its quarterly earnings data on Monday, August 10th. The construction company reported $5.65 earnings per share for the quarter. Monarch Cement had a return on equity of 17.20% and a net margin of 28.98%. The company had revenue of $69.74 million for the quarter.

About Monarch Cement

The Monarch Cement Company (OTCMKTS:MCEM) manufactures and sells cement products for construction and infrastructure applications. Its product portfolio includes Portland cement, masonry cement and other specialty cement products used in concrete, commercial construction, residential development, roads, bridges and industrial projects.

Founded in 1908, the company is headquartered in Humboldt, Kansas. Monarch Cement serves customers primarily across the central United States, including markets in Kansas, Missouri, Nebraska, Oklahoma and surrounding states.