Watsco (NYSE:WSO.B) Shares Gap Down - Here's What Happened

Key Points

• Watsco, Inc. shares gapped down prior to trading, opening at $425.50 after closing at $437.48.
• The company's market capitalization stands at $16.51 billion with a price-to-earnings ratio of 31.22.
• Watsco is a distributor of air conditioning, heating, and refrigeration equipment across the U.S., Canada, Mexico, and Puerto Rico.

Watsco, Inc. (NYSE:WSO.B - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $437.48, but opened at $425.50. Watsco shares last traded at $407.13, with a volume of 460 shares.

Watsco Stock Down 5.3%

The stock has a market capitalization of $16.80 billion, a PE ratio of 31.77 and a beta of 0.50. The firm has a 50 day moving average price of $443.35 and a 200-day moving average price of $467.75.

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.