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

Where Food Comes From, Inc. (NASDAQ:WFCF)’s stock price 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 $12.70. Where Food Comes From shares last traded at $12.21, with a volume of 1,790 shares trading hands.

Where Food Comes From Trading Up 1.1 %

The stock has a market capitalization of $64.47 million, a PE ratio of 34.89 and a beta of 0.55. The stock’s fifty day simple moving average is $12.60 and its 200-day simple moving average is $11.65.

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

Hedge Funds Weigh In On Where Food Comes From

A number of hedge funds and other institutional investors have recently modified their holdings of the business. DGS Capital Management LLC bought a new stake in Where Food Comes From during the fourth quarter worth $147,000. Geode Capital Management LLC increased its position in shares of Where Food Comes From by 23.8% during the 3rd quarter. Geode Capital Management LLC now owns 25,955 shares of the company’s stock valued at $280,000 after purchasing an additional 4,984 shares during the last quarter. Bard Associates Inc. raised its stake in shares of Where Food Comes From by 22.6% during the 3rd quarter. Bard Associates Inc. now owns 60,221 shares of the company’s stock worth $649,000 after purchasing an additional 11,106 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in shares of Where Food Comes From in the 3rd quarter worth about $2,223,000. Hedge funds and other institutional investors 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.