Where Food Comes From (NASDAQ:WFCF) Stock Passes Above 50 Day Moving Average - Should You Sell?

Key Points

• Where Food Comes From Inc. (NASDAQ: WFCF) shares have recently crossed above their fifty-day moving average, reaching a price of $13.46, compared to the average of $11.72.
• The company reported earnings of $0.11 per share for the recent quarter, with revenues of $6.56 million and a net margin of 7.99%.
• Institutional ownership of the company stands at 18.84%, with Northern Trust Corp acquiring 14,844 shares valued at approximately $197,000 recently.

Where Food Comes From Inc. (NASDAQ:WFCF - Get Free Report)'s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $11.72 and traded as high as $13.48. Where Food Comes From shares last traded at $13.46, with a volume of 560 shares changing hands.

Where Food Comes From Price Performance

The stock has a market capitalization of $68.76 million, a price-to-earnings ratio of 34.10 and a beta of 0.62. The stock has a 50-day moving average of $11.79 and a 200 day moving average of $11.21.

Where Food Comes From (NASDAQ:WFCF - Get Free Report) last released 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 7.99% and a return on equity of 18.22%. The company 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 position in Where Food Comes From Inc. (NASDAQ:WFCF - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm 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 as of its most recent SEC filing. 18.84% of the stock is currently owned by institutional investors.

Where Food Comes From Company Profile

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.