Where Food Comes From (NASDAQ:WFCF) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Shares of Where Food Comes From Inc. (NASDAQ:WFCF) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $12.53 and traded as high as $13.41. Where Food Comes From shares last traded at $12.63, with a volume of 5,428 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Where Food Comes From in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Where Food Comes From Stock Performance

The stock has a market cap of $64.54 million, a PE ratio of 24.29 and a beta of 0.30. The company has a 50 day moving average of $12.53 and a two-hundred day moving average of $11.94.

Where Food Comes From (NASDAQ:WFCF) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.22 EPS for the quarter. The company had revenue of $7.02 million for the quarter. Where Food Comes From had a return on equity of 24.41% and a net margin of 10.58%.

Institutional Investors Weigh In On Where Food Comes From

A hedge fund recently raised its stake in Where Food Comes From stock. Vanguard Group Inc. raised its stake in shares of Where Food Comes From Inc. (NASDAQ:WFCF) by 3.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,911 shares of the company’s stock after purchasing an additional 5,017 shares during the period. Vanguard Group Inc. owned 3.11% of Where Food Comes From worth $2,164,000 at the end of the most recent quarter. 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.