Watsco (NYSE:WSO.B) Shares Down 7% - Should You Sell?

Key Points

• Watsco, Inc. shares fell by 7% during trading, reaching a low of $402.56 before settling at $404.41.
• The current market capitalization of Watsco is $16.50 billion, with a price-to-earnings ratio of 31.20.
• The stock has experienced a significant drop in trading volume, with only 100 shares traded on Thursday compared to an average of 484 shares.

Shares of Watsco, Inc. (NYSE:WSO.B - ) were down 7% during trading on Thursday . The stock traded as low as $402.56 and last traded at $404.41. Approximately 100 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 484 shares. The stock had previously closed at $434.83.

Watsco Trading Down 6.4%

The firm's fifty day moving average price is $440.56 and its 200 day moving average price is $465.93. The stock has a market capitalization of $16.50 billion, a price-to-earnings ratio of 31.20 and a beta of 0.50.

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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