Where Food Comes From (NASDAQ:WFCF) Issues Earnings Results

Where Food Comes From (NASDAQ:WFCF) posted its quarterly earnings results on Thursday. The company reported $0.22 earnings per share (EPS) for the quarter, Zacks reports. Where Food Comes From had a net margin of 7.99% and a return on equity of 18.22%.

Where Food Comes From Trading Down 2.9%

NASDAQ WFCF traded down $0.35 during trading on Thursday, reaching $11.81. 758 shares of the company’s stock were exchanged, compared to its average volume of 3,607. The company’s fifty day simple moving average is $12.82 and its 200-day simple moving average is $11.60. The firm has a market capitalization of $61.03 million, a PE ratio of 30.28 and a beta of 0.66. Where Food Comes From has a fifty-two week low of $9.26 and a fifty-two week high of $13.78.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Where Food Comes From in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Where Food Comes From

An institutional investor recently raised its position in Where Food Comes From stock. Vanguard Group Inc. boosted its holdings in shares of Where Food Comes From Inc. (NASDAQ:WFCF) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 160,911 shares of the company’s stock after acquiring an additional 5,017 shares during the quarter. Vanguard Group Inc. owned approximately 3.11% of Where Food Comes From worth $2,164,000 at the end of the most recent reporting period. 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.