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

Watsco, Inc. (NYSE:WSO.BGet Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $366.13, but opened at $351.50. Watsco shares last traded at $335.61, with a volume of 9 shares changing hands.

Watsco Trading Down 8.3%

The stock has a 50-day moving average price of $383.22 and a two-hundred day moving average price of $425.99. The stock has a market cap of $13.61 billion, a price-to-earnings ratio of 26.22 and a beta of 0.47.

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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