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

Key Points

• Watsco (NYSE:WSO.B) shares saw a drastic drop, opening at $402.56 after closing at $434.83, and last traded at $382.02.
• The stock is down 12.1% and has a market cap of $15.49 billion with a P/E ratio of 29.30.
• Watsco, Inc. is a distributor of air conditioning, heating, and refrigeration equipment across the United States, Canada, and Mexico.

Watsco, Inc. (NYSE:WSO.B - )'s share price 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 $382.02, with a volume of 100 shares.

Watsco Trading Down 12.1%

The stock has a 50 day simple moving average of $412.86 and a 200 day simple moving average of $449.57. The stock has a market cap of $15.49 billion, a P/E ratio of 29.30 and a beta of 0.47.

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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