Watsco (NYSE:WSO.B) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Watsco, Inc. (NYSE:WSO.B)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $378.98 and traded as low as $367.54. Watsco shares last traded at $351.0960, with a volume of 7 shares changing hands.

Watsco Trading Down 4.5%

The stock has a fifty day simple moving average of $397.75 and a two-hundred day simple moving average of $378.98. The company has a market cap of $14.25 billion, a PE ratio of 28.99 and a beta of 0.52.

Watsco Company Profile

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.