Monarch Cement (OTCMKTS:MCEM) Shares Pass Above 50 Day Moving Average – What’s Next?

The Monarch Cement Company (OTCMKTS:MCEM) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $187.29 and traded as high as $194.50. Monarch Cement shares last traded at $194.00, with a volume of 194 shares changing hands.

Monarch Cement Stock Up 0.5 %

The stock has a market cap of $715.86 million, a P/E ratio of 10.74 and a beta of 0.58. The firm’s 50 day simple moving average is $187.29 and its two-hundred day simple moving average is $189.51.

Monarch Cement (OTCMKTS:MCEM) last announced its quarterly earnings results on Friday, August 9th. The construction company reported $3.14 earnings per share for the quarter. The business had revenue of $72.36 million for the quarter. Monarch Cement had a return on equity of 19.54% and a net margin of 25.25%.

Monarch Cement Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 26th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date was Monday, August 26th. Monarch Cement’s payout ratio is 16.61%.

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.