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Formula One Group (OTCMKTS:FWONB) Hits New 52-Week High - Should You Buy?

Formula One Group logo with Consumer Discretionary background

Shares of Formula One Group (OTCMKTS:FWONB - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $74.00 and last traded at $74.00, with a volume of 0 shares trading hands. The stock had previously closed at $74.00.

Formula One Group Stock Performance

The company has a market capitalization of $17.39 billion, a P/E ratio of 69.81 and a beta of 0.99. The company's fifty day moving average is $70.38 and its 200 day moving average is $67.14.

Formula One Group (OTCMKTS:FWONB - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.10 earnings per share for the quarter. The business had revenue of $853.00 million for the quarter. Formula One Group had a net margin of 7.93% and a return on equity of 1.44%.

About Formula One Group

(Get Free Report)

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.

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