Monarch Cement (OTCMKTS:MCEM) Hits New 12-Month High – Here’s What Happened

The Monarch Cement Co. (OTCMKTS:MCEM)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $299.75 and last traded at $299.75, with a volume of 1018 shares trading hands. The stock had previously closed at $285.00.

Monarch Cement Price Performance

The stock’s 50-day moving average price is $272.12 and its 200-day moving average price is $252.37. The company has a market cap of $1.08 billion, a P/E ratio of 14.78 and a beta of 0.40.

Monarch Cement (OTCMKTS:MCEM) last announced its earnings results on Friday, May 8th. The construction company reported $3.03 earnings per share (EPS) for the quarter. The company had revenue of $49.37 million during the quarter. Monarch Cement had a net margin of 24.43% and a return on equity of 14.75%.

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.