Watsco (NYSE:WSO.B) Shares Down 9.2% - Time to Sell?

Key Points

• Watsco, Inc.'s shares fell by 9.2% on Thursday, trading as low as $402.56 before closing at $394.81.
• The company has a market capitalization of $16.37 billion and a P/E ratio of 30.96, indicating a significant valuation in its sector.
• Watsco specializes in the distribution of air conditioning, heating, and refrigeration equipment across the United States, Canada, Mexico, and Puerto Rico.

Shares of Watsco, Inc. (NYSE:WSO.B - ) were down 9.2% on Thursday . The stock traded as low as $402.56 and last traded at $394.81. Approximately 100 shares were traded during trading, an increase of 96% from the average daily volume of 51 shares. The stock had previously closed at $434.83.

Watsco Trading Down 7.1%

The firm has a market capitalization of $16.37 billion, a P/E ratio of 30.96 and a beta of 0.50. The firm has a 50-day moving average of $427.43 and a two-hundred day moving average of $459.26.

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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