Watsco (NYSE:WSO.B) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Shares of Watsco, Inc. (NYSE:WSO.B – Get Free Report) passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $306.62 and traded as high as $313.24. Watsco shares last traded at $312.37, with a volume of 158 shares changing hands.

Watsco Stock Performance

The firm has a market cap of $12.50 billion, a price-to-earnings ratio of 26.77 and a beta of 0.64. The firm’s 50 day moving average is $306.51 and its 200-day moving average is $367.50.

Watsco (NYSE:WSO.B – Get Free Report) last posted its earnings results on Tuesday, October 27th. The construction company reported $3.77 EPS for the quarter. Watsco had a net margin of 6.31% and a return on equity of 13.97%. The firm had revenue of $2.22 billion for the quarter.

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