Where Food Comes From (NASDAQ:WFCF – Free Report) released its quarterly earnings results on Thursday. The company reported earnings per share (EPS) of $0.09 for the quarter. Where Food Comes From had a return on equity of 20.76% and a net margin of 8.68%. The company had revenue of $6.40 million for the quarter.
Where food comes from Price Performance
NASDAQ WFCF rose $0.20 during trading hours on Friday, reaching $11.10. The company’s shares had a trading volume of 4,410 shares, compared to its average volume of 2,954. The company has a 50-day moving average of $11.57 and a 200-day moving average of $12.05. Where Food Comes From has a 52-week low of $9.76 and a 52-week high of $14.77. The stock has a market cap of $59.67 million, a P/E ratio of 28.46 and a beta of 0.51.
Hedge funds comment on the origin of food
An institutional investor recently increased its holdings in Where Food Comes From stock. Bard Associates Inc. raised its stake in Where Food Comes From, Inc. (NASDAQ:WFCF – Free Report) by 3.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 45,150 shares of the company’s stock after purchasing an additional 1,535 shares during the period. Bard Associates Inc. owned about 0.81% of Where Food Comes From’s stock worth $612,000, according to its most recent filing with the SEC. Hedge funds and other institutional investors own 18.84% of the company’s stock.
Company profile of Where Food Comes From
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Where Food Comes From, Inc., together with its subsidiaries, operates as an independent food verification company in North America. The company operates in the verification and certification and professional services business lines. It conducts on-site and desk audits to verify the accuracy of claims made on livestock, food, other specialty crops, and agricultural and aquaculture products. In addition, it offers the Where Food Comes From Source Verified labeling program for retailers and restaurants that connects consumers directly to the source of the food they purchase through product labeling and web-based information sharing and education.
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