Monarch Cement (OTCMKTS:MCEM) Sees Large Volume Increase – Here’s What Happened

The Monarch Cement Co. (OTCMKTS:MCEM) shares saw an uptick in trading volume on Friday. Approximately 1,266 shares traded hands during mid-day trading, an increase of 136% from the previous session’s volume of 537 shares. The stock last traded at $258.00 and had previously closed at $266.00.

Monarch Cement Stock Performance

The firm has a market capitalization of $964.60 million, a P/E ratio of 12.86 and a beta of 0.38. The business has a fifty day moving average of $266.74 and a 200-day moving average of $271.03.

Monarch Cement (OTCMKTS:MCEM) last issued its quarterly earnings results on Monday, August 10th. The construction company reported $5.65 EPS 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.

Monarch Cement Company Profile

The Monarch Cement Company manufactures and sells cement products for construction and related industrial applications. Its product portfolio includes Portland cement and other cement products used in concrete, masonry, infrastructure, commercial, and residential projects.

Founded in 1908, the company is headquartered in Humboldt, Kansas. Monarch Cement operates manufacturing facilities in Kansas and Oklahoma and distributes its products through a network serving customers primarily across the central United States.

The company supplies cement to ready-mix producers, concrete-product manufacturers, contractors, building-material dealers, and other construction-related customers.