Watsco (NYSE:WSO.B) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Watsco, Inc. (NYSE:WSO.B) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $356.99 and traded as high as $375.81. Watsco shares last traded at $386.03, with a volume of 12 shares.

Watsco Stock Up 2.6%

The company’s 50-day moving average is $356.99 and its two-hundred day moving average is $389.56. The company has a market cap of $15.66 billion, a P/E ratio of 30.16 and a beta of 0.50.

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.