Monarch Cement (OTCMKTS:MCEM) Sees Large Volume Increase – Should You Buy?

The Monarch Cement Co. (OTCMKTS:MCEM – Get Free Report) shares saw unusually-high trading volume on Thursday. 740 shares changed hands during trading, an increase of 38% from the average daily volume of 535 shares. The stock last traded at $266.00 and had previously closed at $270.00.

Monarch Cement Price Performance

The business has a 50 day simple moving average of $265.02 and a 200 day simple moving average of $265.46. The stock has a market cap of $990.84 million, a PE ratio of 13.20 and a beta of 0.38.

Monarch Cement (OTCMKTS:MCEM – Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The construction company reported $5.65 earnings per share for the quarter. The company had revenue of $69.74 million during the quarter. Monarch Cement had a return on equity of 17.20% and a net margin of 28.98%.

Monarch Cement Company Profile

(Get Free Report)

The Monarch Cement Company (OTCMKTS:MCEM) manufactures and sells cement products for construction and infrastructure applications. Its product portfolio includes Portland cement, masonry cement and other specialty cement products used in concrete, commercial construction, residential development, roads, bridges and industrial projects.

Founded in 1908, the company is headquartered in Humboldt, Kansas. Monarch Cement serves customers primarily across the central United States, including markets in Kansas, Missouri, Nebraska, Oklahoma and surrounding states.

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