Liberty Media Corporation - Liberty Formula One Series B (OTCMKTS:FWONB) Stock Price Down 5.2% - What's Next?

Key Points

• Liberty Media Corporation - Liberty Formula One Series B (OTCMKTS:FWONB) shares decreased by 5.2% during trading, closing at $91.00, with a notable increase in trading volume compared to average sessions.
• As of now, the company has a market capitalization of $22.70 billion and a price-to-earnings ratio of 89.22, with earnings of $1.52 EPS and revenue of $1.20 billion reported for the last quarter.
• Liberty Media, through its subsidiary Formula 1, holds the commercial rights to the FIA Formula One world championship, an internationally recognized motorsports competition.

Liberty Media Corporation - Liberty Formula One Series B (OTCMKTS:FWONB - Get Free Report) shares fell 5.2% during trading on Tuesday . The stock traded as low as $91.00 and last traded at $91.00. 101 shares changed hands during mid-day trading, an increase of 312% from the average session volume of 25 shares. The stock had previously closed at $96.00.

Liberty Media Corporation - Liberty Formula One Series B Stock Performance

The company has a 50 day moving average price of $93.96 and a 200 day moving average price of $87.40. The company has a market capitalization of $22.70 billion, a price-to-earnings ratio of 89.22 and a beta of 0.32.

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

Liberty Media Corporation - Liberty Formula One Series B 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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