Watsco (NYSE:WSO.B) Shares Down 5.8% - Should You Sell?

Key Points

• Watsco's shares fell 5.8%, trading down to $409.44, highlighting a significant decline from its previous close of $434.83.
• The company has a market cap of $15.73 billion and a price-to-earnings ratio of 29.74, indicating potential concerns for investors regarding its valuation.
• Watsco operates in the distribution of air conditioning, heating, and refrigeration equipment across North America, suggesting its market performance may be tied to trends in the construction and HVAC sectors.

Shares of Watsco, Inc. (NYSE:WSO.B - ) traded down 5.8% on Thursday . The stock traded as low as $402.56 and last traded at $409.44. 100 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 484 shares. The stock had previously closed at $434.83.

Watsco Stock Down 10.8%

The company has a market cap of $15.73 billion, a price-to-earnings ratio of 29.74 and a beta of 0.47. The firm has a 50 day moving average price of $414.49 and a two-hundred day moving average price of $452.26.

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.

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