Where Food Comes From (NASDAQ:WFCF) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Where Food Comes From Inc. (NASDAQ:WFCF) shares passed 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 trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded 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 investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Where Food Comes From Stock Performance

The company has a market cap of $65.03 million, a price-to-earnings ratio of 46.08 and a beta of 0.10. The company’s 50 day moving average price is $12.33 and its 200 day moving average price is $12.28.

Where Food Comes From (NASDAQ:WFCF) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. The business had revenue of $6.61 million during the quarter, compared to analyst estimates of $4.90 million. Where Food Comes From had a net margin of 5.78% and a return on equity of 15.08%.

Institutional Trading of Where Food Comes From

A number of institutional investors and hedge funds have recently made changes to their positions 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 acquiring an additional 5,017 shares in the last quarter. Aristides Capital LLC lifted its holdings in Where Food Comes From by 4.2% in the 4th quarter. Aristides Capital LLC now owns 32,551 shares of the company’s stock worth $374,000 after purchasing an additional 1,300 shares during the last quarter. Cetera Investment Advisers acquired a new stake in Where Food Comes From in the 4th quarter worth approximately $152,000. Finally, Western Wealth Management LLC bought a new stake in Where Food Comes From during the first quarter worth approximately $29,000. Institutional investors and hedge funds own 18.84% of the company’s stock.

Where Food Comes From Company Profile

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.