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Where Food Comes From (NASDAQ:WFCF) Stock Price Crosses Above 50-Day Moving Average - Here's What Happened

Where Food Comes From logo with Consumer Discretionary background

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.
  • Looking to export and analyze Where Food Comes From data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Shares of Where Food Comes From Inc. (NASDAQ:WFCF - Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty 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 trading hands.

Where Food Comes From Trading Up 1.5%

The company has a market cap of $59.26 million, a price-to-earnings ratio of 29.05 and a beta of 0.63. The firm's fifty day moving average price is $10.94 and its 200-day moving average price is $11.21.

Where Food Comes From (NASDAQ:WFCF - Get Free Report) last announced its quarterly 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 7.99% and a return on equity of 18.37%. The company had revenue of $6.56 million during the quarter.

Institutional Investors Weigh In On Where Food Comes From

A hedge fund recently bought a new stake in Where Food Comes From stock. Northern Trust Corp acquired a new stake in Where Food Comes From Inc. (NASDAQ:WFCF - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 14,844 shares of the company's stock, valued at approximately $197,000. Northern Trust Corp owned approximately 0.28% of Where Food Comes From at the end of the most recent quarter. Hedge funds and other institutional investors own 18.84% of the company's stock.

About Where Food Comes From

(Get Free Report)

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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