Monarch Cement (OTCMKTS:MCEM) Shares Up 3.6% – Time to Buy?

The Monarch Cement Co. (OTCMKTS:MCEM) shot up 3.6% during trading on Friday . The company traded as high as $235.00 and last traded at $232.01. 699 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 1,584 shares. The stock had previously closed at $224.01.

Monarch Cement Stock Performance

The company has a fifty day moving average of $220.32 and a two-hundred day moving average of $230.26. The company has a market cap of $849.16 million, a price-to-earnings ratio of 15.16 and a beta of 0.44.

Monarch Cement (OTCMKTS:MCEM) last released its quarterly earnings results on Wednesday, November 12th. The construction company reported $6.44 earnings per share for the quarter. The company had revenue of $73.05 million for the quarter. Monarch Cement had a return on equity of 11.63% and a net margin of 19.60%.

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.