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

Shares of Watsco, Inc. (NYSE:WSO.B) gapped down before the market opened on Wednesday . The stock had previously closed at $366.13, but opened at $351.50. Watsco shares last traded at $335.61, with a volume of 9 shares trading hands.

Watsco Stock Down 8.3%

The firm has a 50 day simple moving average of $383.22 and a 200-day simple moving average of $425.99. The company has a market cap of $13.61 billion, a PE ratio of 26.22 and a beta of 0.47.

Watsco Company Profile

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.