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

Key Points

• Where Food Comes From (NASDAQ: WFCF) moved above its 50-day moving average on Friday, trading as high as $12.70 and last changing hands at $12.88, up about 2.3% on the day.
• Weiss Ratings lowered the stock from “hold (c)” to “hold (c-),” while MarketBeat data still shows an overall average rating of Hold.
• The company recently reported Q1 earnings of $0.02 per share on revenue of $5.37 million, with institutional investors holding 18.84% of the stock.

Where Food Comes From Inc. (NASDAQ:WFCF - Get Free Report)'s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $12.21 and traded as high as $12.70. Where Food Comes From shares last traded at $12.88, with a volume of 6,241 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Where Food Comes From from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Where Food Comes From currently has an average rating of "Hold".

Where Food Comes From Trading Up 2.3%

The firm has a market capitalization of $64.92 million, a P/E ratio of 41.55 and a beta of 0.08. The stock has a 50 day simple moving average of $12.21 and a 200-day simple moving average of $12.18.

Where Food Comes From (NASDAQ:WFCF - Get Free Report) last announced its earnings results on Thursday, May 14th. The company reported $0.02 earnings per share (EPS) for the quarter. Where Food Comes From had a net margin of 6.39% and a return on equity of 16.48%. The company had revenue of $5.37 million during the quarter.

Institutional Trading of Where Food Comes From

A number of large investors have recently added to or reduced their stakes in the company. Aristides Capital LLC raised its position in shares of Where Food Comes From by 4.2% during the fourth quarter. Aristides Capital LLC now owns 32,551 shares of the company's stock worth $374,000 after purchasing an additional 1,300 shares during the period. Western Wealth Management LLC bought a new stake in Where Food Comes From during the first quarter valued at about $29,000. Vanguard Group Inc. boosted its holdings in Where Food Comes From by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 160,911 shares of the company's stock valued at $2,164,000 after purchasing an additional 5,017 shares during the period. Finally, Cetera Investment Advisers raised its stake in shares of Where Food Comes From by 93.1% in the 1st quarter. Cetera Investment Advisers now owns 25,470 shares of the company's stock valued at $339,000 after buying an additional 12,282 shares in the last quarter. Institutional investors own 18.84% of the company's stock.

About Where Food Comes From

Where Food Comes From, Inc NASDAQ: WFCF is a food traceability and certification company headquartered in Caldwell, Idaho. Established from a ranch-to-plate verification program launched in 2005, the company now offers a suite of services designed to authenticate product attributes, verify production claims and enhance supply-chain transparency for agricultural producers and food brands.

The company's core offerings include third-party certification audits, program development, on-farm risk assessments and digital traceability solutions.

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