Formula One Group (OTCMKTS:FWONB – Get Free Report) shares were down 0.9% during mid-day trading on Friday . The company traded as low as $81.01 and last traded at $81.01. Approximately 100 shares changed hands during mid-day trading, an increase of 442% from the average daily volume of 18 shares. The stock had previously closed at $81.74.
Formula One Group Stock Performance
The company has a market capitalization of $20.15 billion, a PE ratio of 70.44 and a beta of 0.98. The company has a 50 day moving average price of $80.45 and a 200 day moving average price of $72.92.
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.
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