Where Food Comes From (NASDAQ:WFCF) Stock Price Passes Above 50 Day Moving Average – Time to Sell?

Shares of Where Food Comes From Inc. (NASDAQ:WFCFGet Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $12.48 and traded as high as $13.14. Where Food Comes From shares last traded at $12.8650, with a volume of 639 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Where Food Comes From from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Read Our Latest Stock Report on Where Food Comes From

Where Food Comes From Price Performance

The company has a market capitalization of $64.84 million, a price-to-earnings ratio of 41.50 and a beta of 0.08. The firm has a fifty day simple moving average of $12.48 and a 200 day simple moving average of $12.13.

Where Food Comes From (NASDAQ:WFCFGet Free Report) last announced its earnings results 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 business had revenue of $5.37 million during the quarter.

Hedge Funds Weigh In On Where Food Comes From

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Where Food Comes From by 3.2% during the third quarter. Vanguard Group Inc. now owns 160,911 shares of the company’s stock valued at $2,164,000 after purchasing an additional 5,017 shares in the last quarter. Aristides Capital LLC increased its stake in shares of Where Food Comes From by 4.2% during the fourth 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. Cetera Investment Advisers increased its stake in shares of Where Food Comes From by 93.1% during the first quarter. Cetera Investment Advisers now owns 25,470 shares of the company’s stock worth $339,000 after purchasing an additional 12,282 shares in the last quarter. Finally, Western Wealth Management LLC acquired a new position in shares of Where Food Comes From during the 1st quarter worth about $29,000. 18.84% of the stock is currently owned by institutional investors and hedge funds.

About Where Food Comes From

(Get Free Report)

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.

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