Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.02 earnings per share (EPS) for the quarter, Zacks reports.
Liberty Media Corporation – Liberty Formula One Series B Price Performance
Shares of FWONB remained flat at $90.00 during mid-day trading on Thursday. The stock had a trading volume of 1 shares, compared to its average volume of 12. The firm’s 50 day simple moving average is $83.28 and its 200-day simple moving average is $81.13. The company has a market cap of $22.54 billion, a PE ratio of 41.28 and a beta of 0.32. Liberty Media Corporation – Liberty Formula One Series B has a 52 week low of $73.00 and a 52 week high of $96.00.
Liberty Media Corporation – Liberty Formula One Series B Company Profile
Liberty Media Corporation’s Liberty Formula One Series B (OTCMKTS: FWONB) is a tracking stock that represents Liberty Media’s economic interest in its Formula One business. The Formula One Group controls the commercial rights to the FIA Formula One World Championship, packaging and selling global media rights, sponsorships, event-hosting agreements, licensing and hospitality to maximize revenue from the sport. The tracking stock structure allows investors to gain exposure specifically to Liberty’s Formula 1 assets and cash flows while remaining part of the broader Liberty Media corporate structure.
Formula 1 is a global motorsport and entertainment property that stages a world championship calendar of races across Europe, the Americas, Asia and the Middle East.
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