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

Key Points

• Watsco, Inc. shares hit a new 52-week low of $437.48, closing at $441.51, down 2.9% from the previous close of $450.00.
• The company has a market capitalization of $17.71 billion and a price-to-earnings (P/E) ratio of 33.52.
• Watsco distributes heating, ventilation, air conditioning, and refrigeration equipment across the United States, Canada, Mexico, and Puerto Rico.

Watsco, Inc. (NYSE:WSO.B - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $437.48 and last traded at $441.51, with a volume of 200 shares traded. The stock had previously closed at $450.00.

Watsco Price Performance

The firm has a market capitalization of $17.23 billion, a PE ratio of 32.62 and a beta of 0.49. The firm has a fifty day moving average price of $454.38 and a 200 day moving average price of $477.99.

Watsco Company Profile

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.