Monarch Cement (OTCMKTS:MCEM) Sees Strong Trading Volume – Should You Buy?

Shares of The Monarch Cement Co. (OTCMKTS:MCEM) saw strong trading volume on Friday . 2,114 shares were traded during mid-day trading, an increase of 239% from the previous session’s volume of 623 shares.The stock last traded at $244.01 and had previously closed at $250.00.

Monarch Cement Price Performance

The business’s 50 day moving average price is $255.00 and its 200 day moving average price is $238.43. The stock has a market capitalization of $975.17 million, a P/E ratio of 15.13 and a beta of 0.40.

Monarch Cement (OTCMKTS:MCEM) last announced its quarterly earnings results on Friday, March 13th. The construction company reported $5.10 EPS for the quarter. Monarch Cement had a net margin of 22.00% and a return on equity of 13.00%. The firm had revenue of $68.67 million during the quarter.

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.