Formula One Group (OTCMKTS:FWONB – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $80.00 and last traded at $80.00, with a volume of 0 shares trading hands. The stock had previously closed at $80.00.
Formula One Group Price Performance
The company has a market capitalization of $18.80 billion, a price-to-earnings ratio of 69.57 and a beta of 0.99. The business’s 50-day moving average price is $73.04 and its two-hundred day moving average price is $68.93.
Formula One Group Company Profile
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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