Where Food Comes From (NASDAQ:WFCF) Issues Earnings Results

Where Food Comes From (NASDAQ:WFCF) posted its earnings results on Thursday. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.12, Zacks reports. Where Food Comes From had a return on equity of 15.39% and a net margin of 5.78%.

Where Food Comes From Stock Up 7.5%

WFCF traded up $1.21 during trading on Thursday, hitting $17.20. The company had a trading volume of 5,192 shares, compared to its average volume of 21,780. The company has a market capitalization of $85.63 million, a PE ratio of 61.41 and a beta of 0.14. Where Food Comes From has a one year low of $9.15 and a one year high of $22.15. The firm’s 50-day moving average price is $13.88 and its 200 day moving average price is $12.74.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Where Food Comes From from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, September 24th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Where Food Comes From Company Profile

Where Food Comes From, Inc. provides verification, certification, and traceability services for the agricultural and food industries. The company helps producers, processors, retailers, and food brands substantiate claims about how products are raised, grown, sourced, and handled throughout the supply chain. Its services include source and origin verification, sustainability and production-practice audits, animal welfare assessments, organic and non-GMO certification support, and supply-chain data and traceability solutions.