Watsco (NYSE:WSO.B) Hits New 1-Year Low - Here's Why

Key Points

• Watsco, Inc. reached a new 52-week low of $417.92, down from a previous close of $437.48.
• The company's market cap is $16.83 billion with a price-to-earnings ratio of 31.83.
• Watsco distributes a range of heating and air conditioning equipment across the U.S., Canada, Mexico, and Puerto Rico.

Watsco, Inc. (NYSE:WSO.B - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $425.50 and last traded at $417.92, with a volume of 460 shares changing hands. The stock had previously closed at $437.48.

Watsco Trading Down 4.4%

The stock has a market cap of $16.96 billion, a P/E ratio of 32.08 and a beta of 0.49. The company's fifty day simple moving average is $446.49 and its 200-day simple moving average is $471.18.

About Watsco

Watsco, Inc, together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment; and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. It offers residential ducted and ductless air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.