Formula One Group (OTCMKTS:FWONB) Posts Earnings Results

Formula One Group (OTCMKTS:FWONB) released its earnings results on Thursday. The company reported ($1.03) EPS for the quarter, Zacks reports. Formula One Group had a net margin of 7.99% and a return on equity of 1.43%. The business had revenue of $1.07 billion during the quarter.

Formula One Group Stock Down 3.4 %

Shares of FWONB stock traded down $3.00 during mid-day trading on Friday, hitting $85.00. 100 shares of the company’s stock were exchanged, compared to its average volume of 100. The stock has a 50-day simple moving average of $84.18 and a two-hundred day simple moving average of $76.96. Formula One Group has a fifty-two week low of $58.51 and a fifty-two week high of $88.00. The stock has a market cap of $21.14 billion, a price-to-earnings ratio of 73.91 and a beta of 0.98.

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.