Where Food Comes From (NASDAQ:WFCF) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Where Food Comes From Inc. (NASDAQ:WFCF) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $12.57 and traded as low as $11.03. Where Food Comes From shares last traded at $11.03, with a volume of 4,061 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Where Food Comes From from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Where Food Comes From Price Performance

The company has a market cap of $54.93 million, a price-to-earnings ratio of 39.39 and a beta of 0.12. The firm has a fifty day simple moving average of $12.79 and a 200 day simple moving average of $12.57.

Where Food Comes From (NASDAQ:WFCF) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. Where Food Comes From had a net margin of 5.78% and a return on equity of 15.39%. The business had revenue of $6.61 million during the quarter, compared to analysts’ expectations of $4.90 million.

Institutional Investors Weigh In On Where Food Comes From

A number of hedge funds have recently bought and sold shares of WFCF. Aristides Capital LLC increased its stake in shares of Where Food Comes From by 4.2% in 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 during the period. Cetera Investment Advisers boosted its stake in Where Food Comes From by 93.1% during the 1st quarter. Cetera Investment Advisers now owns 25,470 shares of the company’s stock valued at $339,000 after purchasing an additional 12,282 shares during the period. Finally, Western Wealth Management LLC acquired a new stake in Where Food Comes From in the 1st quarter valued at approximately $29,000. 18.84% of the stock is currently owned by institutional investors.

Where Food Comes From Company Profile

Where Food Comes From, Inc provides verification, certification, and supply-chain services for the food and agriculture industries. The company helps producers, processors, brands, and retailers substantiate claims about how food is produced, handled, and sourced.

Its services include audits, inspections, data collection, traceability, and certification programs covering areas such as organic production, non-GMO practices, animal welfare, sustainability, regenerative agriculture, and other production or sourcing attributes.