Where Food Comes From (NASDAQ:WFCF) Share Price Passes Above 50-Day Moving Average - Here's Why

Key Points

• Where Food Comes From Inc. (NASDAQ: WFCF) shares surpassed their fifty-day moving average of $11.39 during trading, reaching a high of $12.30 and last traded at $12.50.
• The company reported a quarterly earnings per share (EPS) of $0.11 and revenue of $6.56 million, with a net margin of 7.99% and a return on equity of 18.22%.
• Northern Trust Corp acquired approximately 14,844 shares of Where Food Comes From in a recent institutional investment, bringing their total ownership to 0.28%.

Shares of Where Food Comes From Inc. (NASDAQ:WFCF - Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $11.39 and traded as high as $12.30. Where Food Comes From shares last traded at $12.50, with a volume of 14,717 shares traded.

Where Food Comes From Stock Down 0.8%

The company has a fifty day moving average price of $11.47 and a 200-day moving average price of $11.14. The stock has a market capitalization of $63.98 million, a P/E ratio of 31.73 and a beta of 0.62.

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 return on equity of 18.22% and a net margin of 7.99%.The firm had revenue of $6.56 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Where Food Comes From stock. Northern Trust Corp purchased a new stake in Where Food Comes From Inc. (NASDAQ:WFCF - Free Report) in the fourth quarter, according to the company in its most recent filing 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 0.28% of Where Food Comes From as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors 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.