Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB) Issues Earnings Results

Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB) posted its earnings results on Thursday. The company reported $0.02 earnings per share for the quarter, Zacks reports.

Liberty Media Corporation – Liberty Formula One Series B Stock Performance

OTCMKTS:FWONB remained flat at $90.00 during trading hours on Friday. The company’s stock had a trading volume of 60 shares, compared to its average volume of 13. The firm’s fifty day simple moving average is $83.60 and its 200-day simple moving average is $81.25. The stock has a market capitalization of $22.54 billion, a PE ratio of 132.35 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.

About Liberty Media Corporation – Liberty Formula One Series B

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.