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

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.

Where Food Comes From Inc. (NASDAQ:WFCF - Get Free Report)'s share price passed 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 traded.

Where Food Comes From Trading Up 2.1%

The company's 50 day moving average is $11.60 and its 200-day moving average is $11.14. The company has a market capitalization of $65.86 million, a P/E ratio of 32.66 and a beta of 0.62.

Where Food Comes From (NASDAQ:WFCF - Get Free Report) last issued its quarterly 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 during the quarter.

Institutional Trading of Where Food Comes From

A hedge fund recently bought a new stake in Where Food Comes From stock. Northern Trust Corp bought a new stake in shares of Where Food Comes From Inc. (NASDAQ:WFCF - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,844 shares of the company's stock, valued at approximately $197,000. Northern Trust Corp owned 0.28% of Where Food Comes From at the end of the most recent quarter. 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.