Watsco (NYSE:WSO.B) Shares Pass Below 200 Day Moving Average – Time to Sell?

Watsco Inc (NYSE:WSO.BGet Free Report)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $493.38 and traded as low as $469.95. Watsco shares last traded at $491.11, with a volume of 40 shares.

Watsco Trading Down 8.8 %

The firm’s 50 day simple moving average is $519.62 and its 200-day simple moving average is $493.82. The stock has a market capitalization of $19.71 billion, a price-to-earnings ratio of 37.72 and a beta of 0.61.

Watsco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a $2.70 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $10.80 annualized dividend and a dividend yield of 2.21%. Watsco’s dividend payout ratio is presently 83.46%.

About Watsco

(Get Free Report)

Watsco, Inc, together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment; and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. It offers residential ducted and ductless air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.

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