Watsco (NYSE:WSO.B) Sees Large Volume Increase – Time to Buy?

Shares of Watsco, Inc. (NYSE:WSO.BGet Free Report) saw an uptick in trading volume on Thursday . 521 shares traded hands during mid-day trading, an increase of 109% from the previous session’s volume of 249 shares.The stock last traded at $314.1660 and had previously closed at $316.05.

Watsco Stock Performance

The stock has a market cap of $12.95 billion, a price-to-earnings ratio of 27.23 and a beta of 0.66. The company’s 50 day simple moving average is $343.42 and its 200 day simple moving average is $380.84.

About Watsco

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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, heat pumps, furnaces, air handlers, water heaters, ductwork, thermostats, controls, tools, parts and other replacement and installation products.

Founded in 1956, Watsco has expanded through organic growth and acquisitions to become one of the largest HVAC/R distribution platforms in North America.

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