Where Food Comes From (NASDAQ:WFCF) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Where Food Comes From Inc. (NASDAQ:WFCF) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $12.21 and traded as high as $12.70. Where Food Comes From shares last traded at $12.88, with a volume of 6,241 shares.

Analyst Upgrades and Downgrades

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. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Where Food Comes From Stock Performance

The stock has a market cap of $64.92 million, a P/E ratio of 41.55 and a beta of 0.08. The firm’s fifty day simple moving average is $12.21 and its 200-day simple moving average is $12.18.

Where Food Comes From (NASDAQ:WFCF) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.02 earnings per share for the quarter. Where Food Comes From had a return on equity of 16.48% and a net margin of 6.39%.The firm had revenue of $5.37 million during the quarter.

Institutional Investors Weigh In On Where Food Comes From

A number of large investors have recently bought and sold shares of WFCF. Western Wealth Management LLC bought a new stake in shares of Where Food Comes From during the 1st quarter worth $29,000. Cetera Investment Advisers bought a new stake in Where Food Comes From during the fourth quarter worth about $152,000. Aristides Capital LLC boosted its holdings in shares of Where Food Comes From by 4.2% in the 4th quarter. Aristides Capital LLC now owns 32,551 shares of the company’s stock worth $374,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Where Food Comes From by 3.2% in the third quarter. Vanguard Group Inc. now owns 160,911 shares of the company’s stock worth $2,164,000 after buying an additional 5,017 shares in the last quarter. 18.84% of the stock is currently owned by institutional investors and hedge funds.

About Where Food Comes From

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.