Where Food Comes From (NASDAQ:WFCF) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Where Food Comes From, Inc. (NASDAQ:WFCF)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.81 and traded as low as $11.35. Where Food Comes From shares last traded at $11.55, with a volume of 2,968 shares trading hands.

Where Food Comes From Stock Performance

The stock has a 50-day moving average of $12.10 and a 200-day moving average of $11.82. The firm has a market cap of $60.44 million, a price-to-earnings ratio of 29.62 and a beta of 0.41.

Where Food Comes From (NASDAQ:WFCF) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.13 earnings per share (EPS) for the quarter. Where Food Comes From had a net margin of 8.23% and a return on equity of 19.31%. The company had revenue of $6.66 million for the quarter.

Hedge Funds Weigh In On Where Food Comes From

A number of large investors have recently modified their holdings of the business. Aristides Capital LLC boosted its position in Where Food Comes From by 12.1% during the fourth quarter. Aristides Capital LLC now owns 31,251 shares of the company’s stock valued at $414,000 after purchasing an additional 3,370 shares during the last quarter. Geode Capital Management LLC raised its stake 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 worth $280,000 after purchasing an additional 4,984 shares in the last quarter. Bard Associates Inc. boosted its holdings in shares of 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 buying an additional 6,331 shares during the last quarter. DGS Capital Management LLC bought a new position in shares of Where Food Comes From in the fourth quarter valued at $147,000. Finally, Northern Trust Corp acquired a new position in Where Food Comes From during the fourth quarter worth $197,000. 18.84% of the stock is currently owned by institutional investors and hedge funds.

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.