Monarch Cement (OTCMKTS:MCEM) Shares Cross Below 200 Day Moving Average – What’s Next?

The Monarch Cement Co. (OTCMKTS:MCEMGet Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $235.85 and traded as low as $217.91. Monarch Cement shares last traded at $220.05, with a volume of 682 shares.

Monarch Cement Stock Performance

The company has a 50-day simple moving average of $227.52 and a two-hundred day simple moving average of $235.85. The firm has a market capitalization of $805.82 million, a P/E ratio of 13.69 and a beta of 0.57.

Monarch Cement Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, September 5th. Investors of record on Tuesday, August 26th were given a dividend of $0.83 per share. The ex-dividend date was Monday, August 25th. This represents a dividend yield of 140.0%. Monarch Cement’s payout ratio is currently 20.66%.

Monarch Cement Company Profile

(Get Free Report)

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.

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