Watsco Stock Hits New 52-Week High (WSO)

NEW YORK ( TheStreet) -- Watsco (NYSE: WSO) hit a new 52-week high Wednesday as it is currently trading at $74.53, above its previous 52-week high of $74.13 with 31,048 shares traded as of 9:40 a.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 10.9% year to date as of the close of trading on Tuesday.

Watsco, Inc., together with its subsidiaries, engages in the distribution of air conditioning, heating, and refrigeration equipment in the United States. The company has a P/E ratio of 26.2, above the average wholesale industry P/E ratio of 25.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Watsco as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and solid stock price performance. 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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