Watsco (NYSE:WSO.B) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Watsco, Inc. (NYSE:WSO.BGet Free Report) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $366.64 and traded as high as $388.94. Watsco shares last traded at $415.9850, with a volume of 52 shares changing hands.

Watsco Trading Up 6.8%

The company has a market cap of $16.87 billion, a price-to-earnings ratio of 32.50 and a beta of 0.53. The stock has a 50-day simple moving average of $366.64 and a 200-day simple moving average of $384.84.

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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