Where Food Comes From (NASDAQ:WFCF) Shares Pass Above 200 Day Moving Average – Here’s Why

Where Food Comes From Inc. (NASDAQ:WFCF) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.22 and traded as high as $13.10. Where Food Comes From shares last traded at $12.9550, with a volume of 731 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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.com, the company has an average rating of “Hold”.

Where Food Comes From Price Performance

The stock has a market cap of $65.42 million, a P/E ratio of 43.18 and a beta of 0.19. The company’s 50 day simple moving average is $12.06 and its 200 day simple moving average is $12.22.

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

Institutional Trading of Where Food Comes From

A number of institutional investors and hedge funds have recently made changes to their positions in WFCF. Vanguard Group Inc. increased its stake in Where Food Comes From by 3.2% in the third quarter. Vanguard Group Inc. now owns 160,911 shares of the company’s stock valued at $2,164,000 after acquiring an additional 5,017 shares during the last quarter. Aristides Capital LLC boosted 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 valued at $374,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of Where Food Comes From in the 4th quarter valued at $152,000. 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.