Monarch Cement (OTCMKTS:MCEM) Sets New 52-Week High – Still a Buy?

The Monarch Cement Co. (OTCMKTS:MCEM)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $270.60 and last traded at $270.60, with a volume of 210 shares trading hands. The stock had previously closed at $262.99.

Monarch Cement Price Performance

The stock has a market cap of $966.77 million, a P/E ratio of 17.25 and a beta of 0.46. The business’s fifty day moving average price is $239.22 and its 200 day moving average price is $231.23.

Monarch Cement Company Profile

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. The company sells its products principally in the State of Kansas, the State of Iowa, southeast Nebraska, western Missouri, northwest Arkansas, and northern Oklahoma.