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

Key Points

• Where Food Comes From's stock price crossed above its fifty day moving average of $12.44, reaching a high of $13.07 before closing at $12.30.
• Analysts have set a "hold" rating for the stock, with Weiss Ratings reaffirming this on October 8th, as the stock currently holds an average rating of "Hold".
• In the latest quarter, Where Food Comes From reported $0.11 earnings per share and a revenue of $6.56 million, reflecting a net margin of 7.99%.

Where Food Comes From Inc. (NASDAQ:WFCF - Get Free Report)'s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $12.44 and traded as high as $13.07. Where Food Comes From shares last traded at $12.30, with a volume of 1,693 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Where Food Comes From in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of "Hold".

Where Food Comes From Trading Down 2.2%

The company has a market capitalization of $63.54 million, a price-to-earnings ratio of 31.53 and a beta of 0.66. The firm's 50 day moving average price is $12.44 and its two-hundred day moving average price is $11.42.

Where Food Comes From (NASDAQ:WFCF - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.11 earnings per share for the quarter. The company had revenue of $6.56 million for the quarter. Where Food Comes From had a net margin of 7.99% and a return on equity of 18.22%.

About Where Food Comes From

Where Food Comes From, Inc, together with its subsidiaries, operates as a third-party food verification company in North America. The company operates through Verification and Certification, and Professional Services segments. It conducts on-site and desk audits to verify that claims being made about livestock, food, other specialty crops, and agricultural and aquaculture products are accurate, as well as offers Where Food Comes From Source Verified retail and restaurant labeling program, which 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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