Watsco (NYSE:WSO.B) Trading Down 5.3% – Here’s Why

Shares of Watsco Inc (NYSE:WSO.BGet Free Report) fell 5.3% on Thursday . The stock traded as low as $471.03 and last traded at $449.09. 577 shares were traded during mid-day trading, a decline of 4% from the average session volume of 600 shares. The stock had previously closed at $474.05.

Watsco Stock Performance

The firm has a market capitalization of $18.78 billion, a P/E ratio of 34.98 and a beta of 0.64. The stock has a 50-day moving average of $484.92 and a 200 day moving average of $499.65.

About Watsco

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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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