Where Food Comes From (NASDAQ:WFCF) Stock Crosses Below 200-Day Moving Average – Here’s Why

Where Food Comes From Inc. (NASDAQ:WFCF)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.28 and traded as low as $12.22. Where Food Comes From shares last traded at $13.0450, with a volume of 6,744 shares trading hands.

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, July 15th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Where Food Comes From currently has a consensus rating of “Hold”.

Where Food Comes From Price Performance

The stock has a 50 day moving average of $12.30 and a two-hundred day moving average of $12.28. The stock has a market capitalization of $65.73 million, a PE ratio of 42.08 and a beta of 0.10.

Where Food Comes From (NASDAQ:WFCF) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.03. Where Food Comes From had a return on equity of 16.48% and a net margin of 6.39%.The firm had revenue of $6.61 million during the quarter, compared to analysts’ expectations of $4.90 million.

Institutional Trading of Where Food Comes From

A number of institutional investors have recently added to or reduced their stakes in the stock. Western Wealth Management LLC purchased a new position in Where Food Comes From in the first quarter valued at about $29,000. Cetera Investment Advisers acquired a new stake in shares of Where Food Comes From in the 4th quarter worth approximately $152,000. Aristides Capital LLC grew 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 acquiring an additional 1,300 shares during the period. Finally, Vanguard Group Inc. increased its stake in Where Food Comes From by 3.2% in the 3rd 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. Hedge funds and other institutional investors own 18.84% of the company’s stock.

Where Food Comes From Company Profile

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.