Watsco (NYSE:WSO.B) Hits New 52-Week Low – Should You Sell?

Watsco, Inc. (NYSE:WSO.B – Get Free Report) shares hit a new 52-week low during trading on Monday. The stock traded as low as $285.84 and last traded at $324.7250, with a volume of 296 shares. The stock had previously closed at $287.50.

Watsco Price Performance

The company’s 50-day simple moving average is $307.72 and its two-hundred day simple moving average is $361.83. The firm has a market capitalization of $13.39 billion, a P/E ratio of 28.16 and a beta of 0.67.

Watsco Company Profile

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Watsco, Inc is a distributor of heating, air-conditioning and refrigeration equipment and related products. The company supplies residential and commercial contractors with air conditioners, furnaces, heat pumps, air handlers, water heaters, refrigeration systems, controls, replacement parts and installation supplies.

Watsco sells products from leading manufacturers, including equipment associated with the Carrier family of brands, through a network of distribution locations and sales channels.

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