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

Watsco, Inc. (NYSE:WSO.BGet Free Report) gapped up prior to trading on Friday . The stock had previously closed at $375.68, but opened at $389.44. Watsco shares last traded at $386.4460, with a volume of 134 shares trading hands.

Watsco Price Performance

The business’s 50-day moving average price is $359.16 and its 200-day moving average price is $388.37. The firm has a market capitalization of $15.63 billion, a PE ratio of 30.10 and a beta of 0.50.

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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