NEW YORK (

TheStreet

) --

Watsco

(NYSE:

WSO

) hit a new 52-week high Wednesday as it traded at $69.75 compared with its previous 52-Week high of $69.34. Watsco is changing hands at $69.61 with 8,220 shares traded as of 9:31 a.m. ET. Average volume has been 317,100 shares over the past 30 days.

Watsco has a market cap of $1.9 billion and is part of the

services

sector and

wholesale

industry. Shares are up 9.5% year to date as of the close of trading on Tuesday.

Watsco, Inc., together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment and related parts and supplies in the United States. The company has a P/E ratio of 27.6, equal to the average wholesale industry P/E ratio and above the S&P 500 P/E ratio of 16.1.

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TheStreet Ratings rates Watsco as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Watsco Ratings Report

.

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