Formula One Group (OTCMKTS:FWONB) Sets New 52-Week High – Still a Buy?

Formula One Group (OTCMKTS:FWONBGet Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $85.00 and last traded at $85.00, with a volume of 0 shares traded. The stock had previously closed at $85.00.

Formula One Group Price Performance

The firm has a market capitalization of $19.98 billion, a P/E ratio of 73.91 and a beta of 0.99. The business’s 50-day simple moving average is $74.64 and its 200 day simple moving average is $69.64.

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.

Further Reading

Receive News & Ratings for Formula One Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Formula One Group and related companies with MarketBeat.com's FREE daily email newsletter.