Where Food Comes From (NASDAQ:WFCF) Shares Pass Below 200-Day Moving Average - Time to Sell?

Where Food Comes From, Inc. (NASDAQ:WFCF - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.81 and traded as low as $9.50. Where Food Comes From shares last traded at $9.58, with a volume of 4,805 shares trading hands.

Where Food Comes From Stock Performance

The business has a 50 day simple moving average of $11.13 and a 200-day simple moving average of $11.81. The stock has a market capitalization of $52.33 million, a P/E ratio of 25.64 and a beta of 0.57.

Where Food Comes From (NASDAQ:WFCF - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter. Where Food Comes From had a return on equity of 19.31% and a net margin of 8.23%. The company had revenue of $5.27 million for the quarter.

Hedge Funds Weigh In On Where Food Comes From

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp bought a new position in shares of Where Food Comes From in the 4th quarter valued at approximately $197,000. Aristides Capital LLC grew its stake in shares of Where Food Comes From by 12.1% in the fourth quarter. Aristides Capital LLC now owns 31,251 shares of the company's stock worth $414,000 after acquiring an additional 3,370 shares during the last quarter. Bard Associates Inc. grew its position in Where Food Comes From by 10.5% in the 4th quarter. Bard Associates Inc. now owns 66,552 shares of the company's stock worth $881,000 after purchasing an additional 6,331 shares during the last quarter. Finally, DGS Capital Management LLC acquired a new stake in Where Food Comes From during the fourth quarter worth about $147,000. 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.