Monarch Cement (OTCMKTS:MCEM) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Shares of The Monarch Cement Company (OTCMKTS:MCEM) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $217.60 and traded as high as $225.00. Monarch Cement shares last traded at $219.80, with a volume of 609 shares traded.

Monarch Cement Stock Up 0.6 %

The business’s 50-day simple moving average is $217.60 and its two-hundred day simple moving average is $200.11. The firm has a market capitalization of $804.47 million, a price-to-earnings ratio of 10.37 and a beta of 0.61.

Monarch Cement (OTCMKTS:MCEM) last posted its earnings results on Friday, November 8th. The construction company reported $7.21 earnings per share for the quarter. Monarch Cement had a net margin of 28.76% and a return on equity of 21.86%. The firm had revenue of $80.03 million during the quarter.

Monarch Cement Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 3.18%. The ex-dividend date is Friday, February 14th. Monarch Cement’s payout ratio is 14.16%.

Monarch Cement Company Profile

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.