Monarch Cement (OTCMKTS:MCEM) Shares Gap Down – Time to Sell?

The Monarch Cement Co. (OTCMKTS:MCEM)’s share price gapped down before the market opened on Friday. The stock had previously closed at $273.1110, but opened at $264.00. Monarch Cement shares last traded at $264.00, with a volume of 10 shares.

Monarch Cement Stock Up 0.9%

The firm has a market capitalization of $1.01 billion, a PE ratio of 13.35 and a beta of 0.40. The business has a 50-day moving average price of $268.74 and a 200-day moving average price of $270.65.

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

About Monarch Cement

Monarch Cement Company manufactures and sells cement products for use in commercial, residential, infrastructure and industrial construction. Its product portfolio includes Portland cement, blended cement, masonry cement and specialty cement products designed for applications such as concrete production, mortar and oil-well construction.

Founded in 1908, the company is headquartered in Humboldt, Kansas. Monarch Cement operates a cement manufacturing facility in Kansas and supplies customers through a regional distribution network serving markets in the central United States, including Kansas, Missouri, Oklahoma and neighboring states.

The company primarily sells its products to ready-mix concrete producers, concrete product manufacturers, contractors, construction-material distributors and other industrial customers.