Watsco (NYSE:WSO.B) Hits New 12-Month Low – Here’s What Happened

Shares of Watsco, Inc. (NYSE:WSO.BGet Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $311.00 and last traded at $314.10, with a volume of 1955 shares trading hands. The stock had previously closed at $328.83.

Watsco Price Performance

The stock has a market capitalization of $12.94 billion, a P/E ratio of 27.21 and a beta of 0.66. The company’s 50 day simple moving average is $369.58 and its two-hundred day simple moving average is $391.07.

About Watsco

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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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