Monarch Cement (OTCMKTS:MCEM) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

The Monarch Cement Co. (OTCMKTS:MCEM)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $268.13 and traded as low as $263.01. Monarch Cement shares last traded at $263.01, with a volume of 41 shares changing hands.

Monarch Cement Stock Down 1.8%

The company has a market capitalization of $982.87 million, a price-to-earnings ratio of 13.01 and a beta of 0.42. The firm has a 50 day moving average price of $276.64 and a two-hundred day moving average price of $268.13.

Monarch Cement (OTCMKTS:MCEM) last released its quarterly earnings results on Monday, August 10th. The construction company reported $5.65 EPS for the quarter. The business had revenue of $69.74 million for the quarter. Monarch Cement had a return on equity of 17.38% and a net margin of 28.98%.

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.