Where Food Comes From (NASDAQ:WFCF) Shares Cross Above Fifty Day Moving Average - Here's Why

Key Points

• Shares of Where Food Comes From Inc. (NASDAQ: WFCF) surpassed its 50-day moving average of $10.87, trading as high as $11.26 during Tuesday's session.
• The company reported a quarterly earnings per share of $0.01, with a net margin of 7.76% and revenue of $5.27 million.
• Recently, Northern Trust Corp. acquired a new stake in the company, buying 14,844 shares valued at approximately $197,000, representing 0.28% ownership.

Where Food Comes From Inc. (NASDAQ:WFCF - Get Free Report)'s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $10.87 and traded as high as $11.26. Where Food Comes From shares last traded at $11.43, with a volume of 387 shares.

Where Food Comes From Trading Down 0.9%

The stock's 50-day moving average price is $10.92 and its 200-day moving average price is $11.23. The company has a market capitalization of $58.37 million, a P/E ratio of 30.16 and a beta of 0.63.

Where Food Comes From (NASDAQ:WFCF - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter. Where Food Comes From had a net margin of 7.76% and a return on equity of 17.60%.

Institutional Trading of Where Food Comes From

A hedge fund recently bought a new stake in Where Food Comes From stock. Northern Trust Corp purchased a new stake in shares of Where Food Comes From Inc. (NASDAQ:WFCF - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 14,844 shares of the company's stock, valued at approximately $197,000. Northern Trust Corp owned about 0.28% of Where Food Comes From at the end of the most recent quarter. Institutional investors and hedge funds own 18.84% of the company's stock.

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.