Formula One Group (OTCMKTS:FWONB) Sets New 12-Month High – Should You Buy?

Formula One Group (OTCMKTS:FWONBGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $80.00 and last traded at $80.00, with a volume of 101 shares. The stock had previously closed at $72.65.

Formula One Group Price Performance

The stock has a market cap of $18.80 billion, a price-to-earnings ratio of 69.57 and a beta of 0.99. The stock has a 50 day simple moving average of $72.34 and a 200 day simple moving average of $68.65.

About Formula One Group

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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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