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

Key Points

• Watsco, Inc. shares gapped down significantly, opening at $402.56 after closing at $434.83, reflecting a 6.9% decrease.
• The company has a market cap of $16.42 billion and trades at a P/E ratio of 31.05, with a 50-day moving average of $430.27.
• Watsco distributes air conditioning, heating, and refrigeration equipment across multiple North American markets, including the U.S., Canada, Mexico, and Puerto Rico.

Watsco, Inc. (NYSE:WSO.B - ) shares gapped down before the market opened on Tuesday . The stock had previously closed at $434.83, but opened at $402.56. Watsco shares last traded at $409.48, with a volume of 100 shares changing hands.

Watsco Stock Down 6.9%

The business's 50 day moving average is $430.27 and its 200-day moving average is $460.07. The firm has a market cap of $16.42 billion, a P/E ratio of 31.05 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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