Shares of Formula One Group (OTCMKTS:FWONB – Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $80.00 and last traded at $80.00, with a volume of 101 shares changing hands. The stock had previously closed at $72.65.
Formula One Group Stock Performance
The stock’s 50 day moving average price is $72.34 and its 200 day moving average price is $68.65. The company has a market capitalization of $18.80 billion, a P/E ratio of 69.57 and a beta of 0.99.
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.
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