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

Key Points

• Watsco, Inc. shares experienced a gap down in trading, opening at $425.50 compared to the previous close of $437.48.
• The company's market capitalization stands at $17.40 billion, with a P/E ratio of 32.94 and a beta of 0.49.
• Watsco, Inc. specializes in the distribution of air conditioning, heating, and refrigeration equipment across the United States, Canada, Mexico, and Puerto Rico.

Watsco, Inc. (NYSE:WSO.B - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $437.48, but opened at $425.50. Watsco shares last traded at $426.59, with a volume of 460 shares traded.

Watsco Stock Down 3.3%

The company has a 50 day moving average of $450.38 and a 200 day moving average of $474.61. The firm has a market cap of $17.14 billion, a price-to-earnings ratio of 32.45 and a beta of 0.49.

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.