Where Food Comes From (NASDAQ:WFCF) Shares Pass Above 50-Day Moving Average - Should You Sell?

Shares of Where Food Comes From, Inc. (NASDAQ:WFCF - Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $12.60 and traded as high as $12.70. Where Food Comes From shares last traded at $12.21, with a volume of 1,790 shares traded.

Where Food Comes From Stock Performance

The firm has a market cap of $63.89 million, a price-to-earnings ratio of 34.57 and a beta of 0.55. The business has a fifty day simple moving average of $12.51 and a 200-day simple moving average of $11.67.

Where Food Comes From (NASDAQ:WFCF - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.09 earnings per share (EPS) for the quarter. Where Food Comes From had a return on equity of 19.58% and a net margin of 7.50%. The company had revenue of $7.11 million during the quarter.

Hedge Funds Weigh In On Where Food Comes From

A number of hedge funds have recently modified their holdings of WFCF. DGS Capital Management LLC acquired a new stake in Where Food Comes From in the fourth quarter valued at $147,000. Northern Trust Corp bought a new stake in shares of Where Food Comes From in the 4th quarter valued at about $197,000. Geode Capital Management LLC increased its stake in shares of Where Food Comes From by 23.8% in the third quarter. Geode Capital Management LLC now owns 25,955 shares of the company's stock valued at $280,000 after buying an additional 4,984 shares during the period. Aristides Capital LLC increased 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 valued at $414,000 after buying an additional 3,370 shares during the period. Finally, Bard Associates Inc. raised its position in shares of Where Food Comes From by 22.6% during the third quarter. Bard Associates Inc. now owns 60,221 shares of the company's stock worth $649,000 after acquiring an additional 11,106 shares during the last quarter. Institutional investors and hedge funds own 18.84% of the company's stock.

Where Food Comes From Company Profile

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.