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

Watsco, Inc. (NYSE:WSO.BGet Free Report) gapped down prior to trading 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 trading hands.

Watsco Stock Down 7.0%

The company’s 50-day simple moving average is $380.08 and its 200 day simple moving average is $424.66. The company has a market capitalization of $13.81 billion, a P/E ratio of 26.60 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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