Where Food Comes From (NASDAQ:WFCF) Shares Pass Above Fifty Day Moving Average of $12.22

Where Food Comes From, Inc. (NASDAQ:WFCF) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $12.22 and traded as high as $12.40. Where Food Comes From shares last traded at $12.33, with a volume of 1,864 shares traded.

Where Food Comes From Price Performance

The firm has a market capitalization of $66.31 million, a PE ratio of 31.60 and a beta of 0.51. The firm has a fifty day moving average price of $12.22 and a 200 day moving average price of $12.59.

Where Food Comes From (NASDAQ:WFCF) last announced its earnings results on Thursday, May 2nd. The company reported $0.03 EPS for the quarter. Where Food Comes From had a net margin of 8.68% and a return on equity of 20.76%. The company had revenue of $5.58 million during the quarter.

Hedge Funds Weigh In On Where Food Comes From

An institutional investor recently raised its position in Where Food Comes From stock. Bard Associates Inc. increased its holdings in Where Food Comes From, Inc. (NASDAQ:WFCF) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,150 shares of the company’s stock after acquiring an additional 1,535 shares during the period. Bard Associates Inc. owned about 0.81% of Where Food Comes From worth $612,000 at the end of the most recent reporting period. 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.