Where Food Comes From (NASDAQ:WFCF) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Where Food Comes From Inc. (NASDAQ:WFCF)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $11.67 and traded as high as $11.74. Where Food Comes From shares last traded at $11.71, with a volume of 652 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Where Food Comes From in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Where Food Comes From Stock Up 0.8%

The company has a market capitalization of $59.14 million, a price-to-earnings ratio of 39.03 and a beta of 0.21. The stock has a 50 day simple moving average of $11.67 and a 200 day simple moving average of $12.19.

Where Food Comes From (NASDAQ:WFCF) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $6.04 million for the quarter. Where Food Comes From had a return on equity of 15.69% and a net margin of 6.17%.

Institutional Investors Weigh In On Where Food Comes From

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Where Food Comes From by 3.2% during the third quarter. Vanguard Group Inc. now owns 160,911 shares of the company’s stock worth $2,164,000 after acquiring an additional 5,017 shares during the last quarter. Aristides Capital LLC lifted its position in Where Food Comes From by 4.2% in the 4th quarter. Aristides Capital LLC now owns 32,551 shares of the company’s stock valued at $374,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Cetera Investment Advisers bought a new stake in Where Food Comes From in the 4th quarter valued at about $152,000. 18.84% of the stock is currently owned by institutional investors.

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.