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

Shares of Where Food Comes From Inc. (NASDAQ:WFCF) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Where Food Comes From from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 15th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Where Food Comes From Trading Up 2.8%

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

Where Food Comes From (NASDAQ:WFCF) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.08 earnings per share 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 company had revenue of $6.61 million during the quarter, compared to the consensus estimate of $4.90 million.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in WFCF. Vanguard Group Inc. boosted its stake in shares of Where Food Comes From by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 160,911 shares of the company’s stock worth $2,164,000 after purchasing an additional 5,017 shares during the last quarter. Aristides Capital LLC raised its position in shares of Where Food Comes From by 4.2% in the fourth quarter. Aristides Capital LLC now owns 32,551 shares of the company’s stock valued at $374,000 after buying an additional 1,300 shares during the last quarter. Cetera Investment Advisers acquired a new position in shares of Where Food Comes From in the fourth quarter valued at approximately $152,000. Finally, Western Wealth Management LLC purchased a new position in shares of Where Food Comes From during the first quarter valued at approximately $29,000. Institutional investors and hedge funds own 18.84% of the company’s stock.

About Where Food Comes From

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.