Watsco (NYSE:WSO.B) Shares Gap Down – Time to Sell?

Watsco, Inc. (NYSE:WSO.B) gapped down before the market opened on Wednesday . The stock had previously closed at $385.00, but opened at $320.56. Watsco shares last traded at $328.61, with a volume of 104 shares traded.

Watsco Stock Up 0.1%

The stock has a market cap of $12.93 billion, a price-to-earnings ratio of 27.58 and a beta of 0.65. The business’s 50 day simple moving average is $386.44 and its 200 day simple moving average is $397.33.

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.