Formula One Group (OTCMKTS:FWONB) Issues Earnings Results

Formula One Group (OTCMKTS:FWONB) released its quarterly earnings data on Thursday. The company reported ($1.03) EPS for the quarter, Zacks reports. Formula One Group had a return on equity of 1.43% and a net margin of 7.99%. The firm had revenue of $1.07 billion during the quarter.

Formula One Group Price Performance

FWONB stock traded down $3.00 during midday trading on Friday, reaching $85.00. 100 shares of the company’s stock traded hands, compared to its average volume of 100. Formula One Group has a fifty-two week low of $58.51 and a fifty-two week high of $88.00. The business has a 50-day moving average price of $84.18 and a two-hundred day moving average price of $76.96. The company has a market capitalization of $21.14 billion, a P/E ratio of 73.91 and a beta of 0.98.

About Formula One Group

Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship.