Liberty Media Corporation - Liberty Formula One Series B (OTCMKTS:FWONB) Reaches New 52-Week High - Time to Buy?

Key Points

• Liberty Media Corporation - Liberty Formula One Series B shares reached a new 52-week high at $96.00, reflecting a trading up of 2.1% from the previous close of $94.00.
• The company has a market cap of $23.95 billion, with a price-to-earnings ratio of 94.12, indicating its stock valuation in relation to earnings.
• In the latest quarterly earnings report, the company posted $1.52 earnings per share and revenue of $1.20 billion, showcasing its financial performance.

Liberty Media Corporation - Liberty Formula One Series B (OTCMKTS:FWONB - Get Free Report)'s share price reached a new 52-week high on Wednesday . The stock traded as high as $96.00 and last traded at $96.00, with a volume of 100 shares trading hands. The stock had previously closed at $94.00.

Liberty Media Corporation - Liberty Formula One Series B Trading Up 2.1%

The firm has a market cap of $23.95 billion, a price-to-earnings ratio of 94.12 and a beta of 0.35. The company has a fifty day moving average price of $92.91 and a 200-day moving average price of $86.44.

Liberty Media Corporation - Liberty Formula One Series B (OTCMKTS:FWONB - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.52 earnings per share (EPS) for the quarter. The company had revenue of $1.20 billion during the quarter.

About Liberty Media Corporation - Liberty Formula One Series B

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.