The Monarch Cement Co. (OTCMKTS:MCEM – Get Free Report) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 30 shares, a drop of 67.0% from the August 31st total of 91 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,626 shares, the short-interest ratio is presently 0.0 days.
Monarch Cement Stock Performance
OTCMKTS:MCEM traded down $4.89 on Friday, hitting $262.61. 211 shares of the stock were exchanged, compared to its average volume of 467. The stock has a market capitalization of $974.27 million, a price-to-earnings ratio of 12.99 and a beta of 0.40. Monarch Cement has a 52 week low of $207.00 and a 52 week high of $299.75. The company’s 50-day moving average price is $268.31 and its 200 day moving average price is $270.70.
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. 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.
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