Formula One Group (OTCMKTS:FWONB) Trading Up 12.5% - Here's What Happened

Formula One Group (OTCMKTS:FWONB - Get Free Report) shares shot up 12.5% during trading on Friday . The company traded as high as $90.00 and last traded at $90.00. 100 shares changed hands during trading, a decline of 70% from the average session volume of 336 shares. The stock had previously closed at $80.00.

Formula One Group Stock Up 12.5%

The business has a fifty day simple moving average of $77.72 and a two-hundred day simple moving average of $81.24. The company has a market capitalization of $22.43 billion, a price-to-earnings ratio of 78.26 and a beta of 0.64.

Formula One Group (OTCMKTS:FWONB - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter. Formula One Group had a net margin of 7.99% and a return on equity of 1.43%. The firm had revenue of $400.00 million for the quarter.

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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