Where Food Comes From (NASDAQ:WFCF) Shares Cross Below 200 Day Moving Average - What's Next?

Key Points

• Where Food Comes From shares fell below their 200-day moving average, trading as low as $11.03 versus the $12.57 average, and are down 13.7%. The company has a market capitalization of about $54.9 million.
• The company’s latest quarterly results exceeded expectations, with EPS of $0.08 versus a $0.05 estimate and revenue of $6.61 million compared with $4.90 million expected.
• Analyst sentiment remains cautious: Weiss Ratings downgraded the stock’s rating, while the sole tracked analyst and MarketBeat consensus maintain a Hold rating. Institutional investors own 18.84% of the shares.

Where Food Comes From Inc. (NASDAQ:WFCF - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $12.57 and traded as low as $11.03. Where Food Comes From shares last traded at $11.03, with a volume of 4,061 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Where Food Comes From from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".

Where Food Comes From Stock Down 13.7%

The stock has a market cap of $54.93 million, a P/E ratio of 39.39 and a beta of 0.12. The firm's 50-day moving average is $12.79 and its two-hundred day moving average is $12.57.

Where Food Comes From (NASDAQ:WFCF - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. Where Food Comes From had a net margin of 5.78% and a return on equity of 15.39%. The company had revenue of $6.61 million during the quarter, compared to the consensus estimate of $4.90 million.

Institutional Investors Weigh In On Where Food Comes From

A number of large investors have recently bought and sold shares of WFCF. Aristides Capital LLC raised its holdings in Where Food Comes From by 4.2% during the fourth quarter. Aristides Capital LLC now owns 32,551 shares of the company's stock valued at $374,000 after buying an additional 1,300 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Where Food Comes From by 93.1% in the first quarter. Cetera Investment Advisers now owns 25,470 shares of the company's stock worth $339,000 after buying an additional 12,282 shares during the last quarter. Finally, Western Wealth Management LLC acquired a new stake in shares of Where Food Comes From in the first quarter worth about $29,000. 18.84% of the stock is currently owned by institutional investors.

About Where Food Comes From

Where Food Comes From, Inc provides verification, certification, and supply-chain services for the food and agriculture industries. The company helps producers, processors, brands, and retailers substantiate claims about how food is produced, handled, and sourced.

Its services include audits, inspections, data collection, traceability, and certification programs covering areas such as organic production, non-GMO practices, animal welfare, sustainability, regenerative agriculture, and other production or sourcing attributes.

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