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

Key Points

• Watsco, Inc. shares gapped down significantly, opening at $402.56, a decrease of about 7.4% from the previous close of $434.83.
• The company has a market capitalization of $16.69 billion and a P/E ratio of 31.56, reflecting its valuation in the current market.
• Watsco specializes in distributing air conditioning, heating, and refrigeration equipment across North America, including the U.S., Canada, Mexico, and Puerto Rico.

Watsco, Inc. (NYSE:WSO.B - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $434.83, but opened at $402.56. Watsco shares last traded at $412.41, with a volume of 102 shares.

Watsco Price Performance

The company has a market capitalization of $15.90 billion, a P/E ratio of 30.08 and a beta of 0.50. The stock's 50 day simple moving average is $438.31 and its two-hundred day simple moving average is $464.28.

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.