Watsco (NYSE:WSO.B) Trading Down 7.5% - Here's Why

Key Points

• Watsco, Inc. shares fell by 7.5% during trading on Thursday, closing at $402.23, down from a previous close of $434.83.
• The stock's trading volume increased significantly, with 100 shares exchanged, marking a 72% rise from the average session volume of 58 shares.
• Watsco has a market capitalization of $16.31 billion and a PE ratio of 30.85, indicating its value in the HVAC equipment distribution sector.

Shares of Watsco, Inc. (NYSE:WSO.B - ) fell 7.5% during trading on Thursday . The stock traded as low as $402.56 and last traded at $402.23. 100 shares changed hands during mid-day trading, an increase of 72% from the average session volume of 58 shares. The stock had previously closed at $434.83.

Watsco Price Performance

The stock has a market cap of $16.31 billion, a PE ratio of 30.85 and a beta of 0.50. The firm's 50 day moving average price is $434.60 and its two-hundred day moving average price is $462.49.

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.

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