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 Performance

The stock has a market capitalization of $804.47 million, a PE ratio of 10.37 and a beta of 0.61. The stock’s 50 day moving average is $217.60 and its two-hundred day moving average is $200.11.

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

Monarch Cement Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Friday, February 14th. Monarch Cement’s dividend payout ratio (DPR) is 14.16%.

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.