NEW YORK (

TheStreet

) --

Watsco

(NYSE:

WSO

) hit a new 52-week high Wednesday as it is currently trading at $73.47, above its previous 52-week high of $73.38 with 168,405 shares traded as of 12 p.m. ET. Average volume has been 239,600 shares over the past 30 days.

Watsco has a market cap of $1.94 billion and is part of the

services

sector and

wholesale

industry. Shares are up 10% 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 26.9, above the average wholesale industry P/E ratio of 25.9 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Watsco as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Watsco Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

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.

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