Where Food Comes From (NASDAQ:WFCF) Shares Pass Above 50-Day Moving Average – Here’s Why
by Tristan Rich · The Markets DailyWhere Food Comes From Inc. (NASDAQ:WFCF – Get Free Report) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $12.60 and traded as high as $13.25. Where Food Comes From shares last traded at $12.8910, with a volume of 2,138 shares.
Analyst Ratings Changes
Separately, Weiss Ratings lowered shares of Where Food Comes From from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Where Food Comes From currently has a consensus rating of “Hold”.
Read Our Latest Analysis on WFCF
Where Food Comes From Stock Performance
The stock has a market cap of $64.49 million, a P/E ratio of 46.25 and a beta of 0.10. The stock has a 50-day moving average price of $12.62 and a 200-day moving average price of $12.41.
Where Food Comes From (NASDAQ:WFCF – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Where Food Comes From had a return on equity of 15.39% and a net margin of 5.78%.The company had revenue of $6.61 million for the quarter, compared to analysts’ expectations of $4.90 million.
Institutional Trading of Where Food Comes From
Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Where Food Comes From by 3.2% during the third quarter. Vanguard Group Inc. now owns 160,911 shares of the company’s stock valued at $2,164,000 after purchasing an additional 5,017 shares during the last quarter. Aristides Capital LLC raised its holdings in shares of Where Food Comes From by 4.2% during the fourth quarter. Aristides Capital LLC now owns 32,551 shares of the company’s stock valued at $374,000 after purchasing an additional 1,300 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Where Food Comes From by 93.1% during the 1st quarter. Cetera Investment Advisers now owns 25,470 shares of the company’s stock valued at $339,000 after buying an additional 12,282 shares during the period. Finally, Western Wealth Management LLC purchased a new position in Where Food Comes From in the first quarter worth about $29,000. Institutional investors own 18.84% of the company’s stock.
Where Food Comes From Company Profile
Where Food Comes From, Inc (NASDAQ: WFCF) is a food traceability and certification company headquartered in Caldwell, Idaho. Established from a ranch-to-plate verification program launched in 2005, the company now offers a suite of services designed to authenticate product attributes, verify production claims and enhance supply-chain transparency for agricultural producers and food brands.
The company’s core offerings include third-party certification audits, program development, on-farm risk assessments and digital traceability solutions.