Formula One Group (OTCMKTS:FWONB) Trading Down 3.7% – Here’s What Happened

Formula One Group (OTCMKTS:FWONB)’s share price fell 3.7% during mid-day trading on Friday . The stock traded as low as $78.00 and last traded at $78.00. 100 shares changed hands during trading, an increase of 0% from the average session volume of 100 shares. The stock had previously closed at $81.00.

Formula One Group Price Performance

The business’s 50-day moving average price is $84.30 and its two-hundred day moving average price is $79.53. The firm has a market cap of $19.44 billion, a price-to-earnings ratio of 67.83 and a beta of 0.93.

Formula One Group (OTCMKTS:FWONB) last issued its quarterly earnings results on Thursday, February 27th. The company reported ($1.03) earnings per share for the quarter. The business had revenue of $1.07 billion for the quarter. Formula One Group had a return on equity of 1.43% and a net margin of 7.99%.

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.