Where Food Comes From (NASDAQ:WFCF) Stock Crosses Below 200-Day Moving Average - Here's Why

Key Points

• Where Food Comes From’s stock briefly fell below its 200-day moving average of $12.28, trading as low as $12.22 before last changing hands at $13.0450.
• Weiss Ratings downgraded the shares from “hold (c)” to “hold (c-),” while the broader analyst consensus remains Hold.
• The company exceeded quarterly expectations, reporting EPS of $0.08 versus $0.05 expected and revenue of $6.61 million compared with the $4.90 million consensus estimate.

Where Food Comes From Inc. (NASDAQ:WFCF - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.28 and traded as low as $12.22. Where Food Comes From shares last traded at $13.0450, with a volume of 6,744 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Where Food Comes From from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Where Food Comes From currently has a consensus rating of "Hold".

Where Food Comes From Price Performance

The stock has a 50 day moving average of $12.30 and a two-hundred day moving average of $12.28. The stock has a market capitalization of $65.73 million, a PE ratio of 42.08 and a beta of 0.10.

Where Food Comes From (NASDAQ:WFCF - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.03. Where Food Comes From had a return on equity of 16.48% and a net margin of 6.39%.The firm had revenue of $6.61 million during the quarter, compared to analysts' expectations of $4.90 million.

Institutional Trading of Where Food Comes From

A number of institutional investors have recently added to or reduced their stakes in the stock. Western Wealth Management LLC purchased a new position in Where Food Comes From in the first quarter valued at about $29,000. Cetera Investment Advisers acquired a new stake in shares of Where Food Comes From in the 4th quarter worth approximately $152,000. Aristides Capital LLC grew its holdings in shares of Where Food Comes From by 4.2% in the 4th quarter. Aristides Capital LLC now owns 32,551 shares of the company's stock worth $374,000 after acquiring an additional 1,300 shares during the period. Finally, Vanguard Group Inc. increased its stake 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 in the last quarter. Hedge funds and other institutional investors own 18.84% of the company's stock.

Where Food Comes From Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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