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

Key Points

• Watsco, Inc. shares reached a new 52-week low of $424.25 during trading, indicating a significant drop from a previous close of $437.48.
• The company's market capitalization is approximately $16.80 billion, with a P/E ratio of 32.22 and a beta of 0.49.
• Watsco specializes in distributing air conditioning, heating, and refrigeration equipment across the United States, Canada, Mexico, and Puerto Rico.

Watsco, Inc. (NYSE:WSO.B - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $425.50 and last traded at $424.25, with a volume of 460 shares traded. The stock had previously closed at $437.48.

Watsco Price Performance

The firm has a market cap of $17.14 billion, a PE ratio of 32.45 and a beta of 0.49. The firm has a 50-day simple moving average of $450.38 and a 200 day simple moving average of $474.61.

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.