Where Food Comes From (NASDAQ:WFCF) Stock Crosses Below 200 Day Moving Average of $11.50

Where Food Comes From, Inc. (NASDAQ:WFCF) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.50 and traded as low as $10.72. Where Food Comes From shares last traded at $10.89, with a volume of 6,040 shares changing hands.

Where Food Comes From Price Performance

The firm’s fifty day simple moving average is $11.01 and its 200 day simple moving average is $11.50. The company has a market capitalization of $58.54 million, a PE ratio of 27.92 and a beta of 0.52.

Where Food Comes From (NASDAQ:WFCF) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.09 earnings per share for the quarter. The business had revenue of $6.40 million during the quarter. Where Food Comes From had a net margin of 8.42% and a return on equity of 21.08%.

Hedge Funds Weigh In On Where Food Comes From

A hedge fund recently raised its stake in Where Food Comes From stock. Bard Associates Inc. boosted its holdings in shares of Where Food Comes From, Inc. (NASDAQ:WFCF) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,150 shares of the company’s stock after acquiring an additional 1,535 shares during the quarter. Bard Associates Inc. owned about 0.81% of Where Food Comes From worth $612,000 at the end of the most recent quarter. 18.84% of the stock is owned by hedge funds and other institutional investors.

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.