Watsco (NYSE:WSO.B) Shares Gap Down – What’s Next?

Watsco, Inc. (NYSE:WSO.BGet Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $471.49, but opened at $450.00. Watsco shares last traded at $440.82, with a volume of 112 shares traded.

Watsco Trading Down 7.4%

The stock’s 50-day simple moving average is $470.81 and its 200-day simple moving average is $492.05. The stock has a market cap of $17.68 billion, a price-to-earnings ratio of 33.55 and a beta of 0.61.

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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