Formula One Group (OTCMKTS:FWONB) Releases Quarterly Earnings Results

Formula One Group (OTCMKTS:FWONB) issued its quarterly earnings results on Thursday. The company reported ($1.03) earnings per share for the quarter, Zacks reports. 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 Stock Down 3.4 %

Shares of FWONB traded down $3.00 during trading hours on Friday, hitting $85.00. The company had a trading volume of 100 shares, compared to its average volume of 100. Formula One Group has a 12 month low of $58.51 and a 12 month high of $88.00. The firm has a market cap of $21.14 billion, a price-to-earnings ratio of 73.91 and a beta of 0.98. The business has a fifty day moving average of $84.18 and a 200-day moving average of $76.96.

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.