Where Food Comes From (NASDAQ:WFCF) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Where Food Comes From, Inc. (NASDAQ:WFCF) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $12.60 and traded as high as $12.70. Where Food Comes From shares last traded at $12.21, with a volume of 1,790 shares changing hands.

Where Food Comes From Stock Performance

The company has a market capitalization of $64.47 million, a price-to-earnings ratio of 34.89 and a beta of 0.55. The company has a 50 day moving average price of $12.60 and a 200 day moving average price of $11.65.

Where Food Comes From (NASDAQ:WFCF) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.09 earnings per share (EPS) for the quarter. Where Food Comes From had a return on equity of 19.58% and a net margin of 7.50%. The business had revenue of $7.11 million for the quarter.

Institutional Trading of Where Food Comes From

Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in shares of Where Food Comes From by 23.8% during the third quarter. Geode Capital Management LLC now owns 25,955 shares of the company’s stock valued at $280,000 after buying an additional 4,984 shares during the last quarter. Bard Associates Inc. lifted its position in Where Food Comes From by 10.5% in the 4th quarter. Bard Associates Inc. now owns 66,552 shares of the company’s stock valued at $881,000 after acquiring an additional 6,331 shares in the last quarter. DGS Capital Management LLC acquired a new position in Where Food Comes From during the 4th quarter valued at about $147,000. Finally, Sanctuary Advisors LLC bought a new stake in Where Food Comes From during the 3rd quarter worth approximately $2,223,000. Institutional investors and hedge funds own 18.84% of the company’s stock.

About Where Food Comes From

Where Food Comes From, Inc, together with its subsidiaries, operates as a third-party food verification company in North America. The company operates through Verification and Certification, and Professional Services segments. It conducts on-site and desk audits to verify that claims being made about livestock, food, other specialty crops, and agricultural and aquaculture products are accurate, as well as offers Where Food Comes From Source Verified retail and restaurant labeling program, which connects consumers directly to the source of the food they purchase through product labeling, and web-based information sharing and education.