Monarch Cement (OTCMKTS:MCEM) Stock Crosses Above 50-Day Moving Average – Time to Sell?

The Monarch Cement Company (OTCMKTS:MCEM)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $222.12 and traded as high as $234.00. Monarch Cement shares last traded at $230.00, with a volume of 673 shares traded.

Monarch Cement Price Performance

The company’s 50 day moving average price is $222.12 and its two-hundred day moving average price is $205.46. The stock has a market capitalization of $841.80 million, a PE ratio of 10.85 and a beta of 0.61.

Monarch Cement Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 3.04%. The ex-dividend date is Friday, February 14th. Monarch Cement’s payout ratio is currently 14.16%.

About Monarch Cement

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.