Where Foods Come From (OTCMKTS:WFCF) Stock Price Exceeds 50-Day Moving Average of $10.85

The stock price of Where Food Comes From, Inc. (OTCMKTS:WFCF – Get Rating) rose above its 50-day moving average during Tuesday’s trading. The stock has a 50-day moving average of $10.85 and is trading as low as $10.94. Shares of Where Food Comes From last traded at $10.83, with a volume of 13,166 shares traded in hands.

Source of food traded up 3.8%

The stock has a market capitalization of $65.24 million, a PE ratio of 29.27 and a beta of 0.70. The company has a 50-day moving average price of $10.85 and a 200-day moving average price of $11.52.

Where Food Comes From (OTCMKTS:WFCF – Get Rating) last reported quarterly earnings data on Thursday, May 12. The company reported earnings per share of $0.08 for the quarter. Where Food Comes From recorded a return on equity of 17.02% and a net margin of 9.76%. The company had revenue of $6.16 million in the quarter.

Institutional investors weigh in on where food comes from

Major investors have recently increased or reduced their stake in the company. Bard Associates Inc. purchased a new position in Where Food Comes From during Q1 valued at approximately $122,000. Vanguard Group Inc. increased its holdings in Where Food Comes From by 4.2% during the 1st quarter. Vanguard Group Inc. now owns 68,560 shares of the company valued at $785,000 after purchasing an additional 2,740 shares last quarter. Finally, Green Alpha Advisors LLC increased its stake in Where Food Comes From by 188.3% during the second quarter. Green Alpha Advisors LLC now owns 105,972 shares of the company valued at $1,144,000 after purchasing an additional 69,214 shares last quarter. Hedge funds and other institutional investors own 17.05% of the company’s shares.

About where food comes from

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Where Food Comes From, Inc, together with its subsidiaries, provides verification and certification solutions for the agriculture, animal husbandry, and food industries in the United States. The Company operates through the Audit and Certification, and Software Sales and Related Consulting segments. It conducts on-site and on-site audits to verify that livestock, crop and other food product claims are accurate, as well as food origin offerings. Verified labeling program for retailers and restaurants that connects consumers directly to the source of the food they buy through product labeling and web-based information sharing and education.

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