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

Key Points

• Where Food Comes From Inc. (NASDAQ:WFCF) recently crossed above its 50-day moving average of $11.54, trading at $12.73 with a market cap of $65.79 million.
• The company reported a quarterly earnings per share (EPS) of $0.11 and revenues of $6.56 million, with a return on equity of 18.22% and a net margin of 7.99%.
• Northern Trust Corp recently acquired a new position in the company, purchasing 14,844 shares valued at approximately $197,000, contributing to institutional ownership of 18.84% in the stock.

Shares of Where Food Comes From Inc. (NASDAQ:WFCF - Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $11.54 and traded as high as $12.53. Where Food Comes From shares last traded at $12.73, with a volume of 1,340 shares changing hands.

Where Food Comes From Price Performance

The stock has a market capitalization of $64.37 million, a price-to-earnings ratio of 31.92 and a beta of 0.62. The business's 50-day simple moving average is $11.58 and its two-hundred day simple moving average is $11.15.

Where Food Comes From (NASDAQ:WFCF - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $6.56 million during the quarter. Where Food Comes From had a net margin of 7.99% and a return on equity of 18.22%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Where Food Comes From stock. Northern Trust Corp bought a new stake in Where Food Comes From Inc. (NASDAQ:WFCF - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 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 as of its most recent filing with the SEC. Institutional investors and hedge funds 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.