Where Food Comes From (NASDAQ:WFCF) Share Price Passes Below 50-Day Moving Average of $13.75

Where Food Comes From, Inc. (NASDAQ:WFCF) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $13.75 and traded as low as $13.12. Where Food Comes From shares last traded at $13.40, with a volume of 6,383 shares changing hands.

Where Food Comes From Price Performance

The company has a market capitalization of $74.24 million, a PE ratio of 41.88 and a beta of 0.64. The firm’s fifty day simple moving average is $13.74 and its 200 day simple moving average is $13.89.

Institutional Investors Weigh In On Where Food Comes From

A hedge fund recently raised its stake in Where Food Comes From stock. Geode Capital Management LLC raised its holdings in Where Food Comes From, Inc. (NASDAQ:WFCF) by 39.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,868 shares of the company’s stock after purchasing an additional 4,802 shares during the quarter. Geode Capital Management LLC owned 0.28% of Where Food Comes From worth $235,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 4.63% 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 in Verification and Certification, and Software Sales and Related Consulting 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.