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

Shares of Watsco, Inc. (NYSE:WSO.BGet Free Report) gapped down before the market opened on Friday . The stock had previously closed at $356.95, but opened at $338.85. Watsco shares last traded at $352.73, with a volume of 139 shares.

Watsco Stock Performance

The stock has a market capitalization of $14.10 billion, a P/E ratio of 27.16 and a beta of 0.50. The firm has a 50-day moving average price of $349.52 and a 200 day moving average price of $399.17.

Watsco Company Profile

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Watsco, Inc is a leading distributor of heating, ventilation, air conditioning and refrigeration (HVACR) equipment, replacement parts and related services. Headquartered in Miami, Florida, the company serves a broad network of professional contractors across the United States, Canada, Mexico, Puerto Rico and select markets in Central and South America. Through its national footprint, Watsco offers an extensive portfolio of heating and cooling systems from top manufacturers alongside comprehensive aftermarket parts that support installation, maintenance and repair.

The company’s core business activities include the wholesale distribution of residential and commercial HVAC equipment, parts and supplies.

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