Watsco (NYSE:WSO.B) Shares Down 6.5% – Here’s Why

Shares of Watsco Inc (NYSE:WSO.BGet Free Report) dropped 6.5% on Monday . The company traded as low as $507.10 and last traded at $471.06. Approximately 100 shares were traded during trading, a decline of 83% from the average daily volume of 591 shares. The stock had previously closed at $503.71.

Watsco Stock Performance

The stock has a 50-day moving average of $496.37 and a two-hundred day moving average of $503.65. The company has a market cap of $18.98 billion, a P/E ratio of 35.45 and a beta of 0.52.

About Watsco

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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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