Monarch Cement (OTCMKTS:MCEM) Reaches New 52-Week High – What’s Next?

Shares of The Monarch Cement Co. (OTCMKTS:MCEM) reached a new 52-week high on Tuesday . The stock traded as high as $290.00 and last traded at $290.00, with a volume of 15 shares. The stock had previously closed at $287.49.

Monarch Cement Trading Down 0.6%

The firm has a market capitalization of $1.06 billion, a P/E ratio of 14.54 and a beta of 0.35. The company has a 50 day simple moving average of $263.73 and a two-hundred day simple moving average of $246.46.

Monarch Cement (OTCMKTS:MCEM) last posted its quarterly earnings results on Friday, May 8th. The construction company reported $3.03 earnings per share for the quarter. Monarch Cement had a return on equity of 14.90% and a net margin of 24.43%.The business 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.