Watsco (NYSE:WSO.B) Stock Price Passes Below 200-Day Moving Average - What's Next?

Key Points

• Watsco's stock crossed below its 200-day moving average — the 200-day MA is $382.00 and shares traded as low as $377.59 (last trade $377.59).
• The 50-day MA remains higher at $395.24, while the company carries a market cap of $15.32 billion and a P/E of 31.18, indicating mixed technicals with a relatively full valuation.
• The move occurred on just 51 shares changing hands, suggesting the breach may be driven by very low volume and might not signal a durable trend change.

Watsco, Inc. (NYSE:WSO.B - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $382.00 and traded as low as $377.59. Watsco shares last traded at $377.59, with a volume of 51 shares changing hands.

Watsco Stock Performance

The company has a 50-day simple moving average of $395.24 and a 200-day simple moving average of $382.00. The company has a market cap of $15.32 billion, a price-to-earnings ratio of 31.18 and a beta of 0.52.

About Watsco

Watsco, Inc is a leading distributor of heating, ventilation, air conditioning and refrigeration (HVACR) equipment, replacement parts and related services. Headquartered in Miami, Florida, the company serves a broad network of professional contractors across the United States, Canada, Mexico, Puerto Rico and select markets in Central and South America. Through its national footprint, Watsco offers an extensive portfolio of heating and cooling systems from top manufacturers alongside comprehensive aftermarket parts that support installation, maintenance and repair.

The company's core business activities include the wholesale distribution of residential and commercial HVAC equipment, parts and supplies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.