Watsco (NYSE:WSO.B) Sees Strong Trading Volume - Should You Buy?

Key Points

• Watsco, Inc. (NYSE:WSO.B) experienced a significant trading volume increase of 142%, with 116 shares transacted on Friday compared to 48 shares the previous session.
• The stock price increased by 12.8%, with the last trade recorded at $490.00 after a previous close of $437.48.
• Watsco has a market capitalization of $19.99 billion and a PE ratio of 37.92, indicating a stable presence in the market.
• The company distributes air conditioning, heating, and refrigeration equipment across the U.S., Canada, Mexico, and Puerto Rico.

Watsco, Inc. (NYSE:WSO.B - Get Free Report) saw an uptick in trading volume on Friday . 116 shares traded hands during mid-day trading, an increase of 142% from the previous session's volume of 48 shares.The stock last traded at $490.00 and had previously closed at $437.48.

Watsco Stock Up 10.4%

The company has a market cap of $19.56 billion, a PE ratio of 37.11 and a beta of 0.59. The stock's 50 day simple moving average is $458.64 and its two-hundred day simple moving average is $479.81.

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.