Watsco (NYSE:WSO.B) Shares Down 11.2% – Here’s Why

Watsco, Inc. (NYSE:WSO.BGet Free Report) was down 11.2% on Thursday . The company traded as low as $379.35 and last traded at $357.46. Approximately 400 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 481 shares. The stock had previously closed at $402.56.

Watsco Stock Performance

The firm has a market capitalization of $14.73 billion, a P/E ratio of 27.85 and a beta of 0.47. The stock has a fifty day moving average price of $403.81 and a two-hundred day moving average price of $442.79.

Watsco Company Profile

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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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