Where Food Comes From, Inc. (NASDAQ:WFCF – Free Report) stock price fell below its 200-day moving average on Wednesday. The stock has a 200-day moving average of $11.97 and has traded as low as $10.51. Where Food Comes From shares last traded at $10.79, with a trading volume of 1,876 shares.
Country of origin of food increases by 2.8%
The company has a 50-day average price of $11.47 and a 200-day average price of $11.97. The company has a market cap of $58.01 million, a price-to-earnings ratio of 27.67 and a beta of 0.51.
Where Food Comes From (NASDAQ:WFCF – Free Report) last released its earnings results on Thursday, August 8. The company reported earnings per share of $0.09 for the quarter. The company had revenue of $6.40 million for the quarter. Where Food Comes From had a return on equity of 20.76% and a net margin of 8.68%.
Institutional investors 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 quarter. Bard Associates Inc. owned approximately 0.81% of Where Food Comes From worth $612,000, according to its most recent filing with the SEC. 18.84% of the shares are owned by hedge funds and other institutional investors.
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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