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Where Food Comes From (NASDAQ:WFCF) Shares Pass Below Two Hundred Day Moving Average - Here's Why

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Where Food Comes From, Inc. (NASDAQ:WFCF - Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.79 and traded as low as $11.06. Where Food Comes From shares last traded at $11.10, with a volume of 2,663 shares.

Where Food Comes From Stock Performance

The stock has a 50 day moving average price of $12.28 and a two-hundred day moving average price of $11.79. The company has a market capitalization of $58.09 million, a PE ratio of 28.46 and a beta of 0.41.

Where Food Comes From (NASDAQ:WFCF - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.13 earnings per share for the quarter. Where Food Comes From had a return on equity of 19.31% and a net margin of 8.23%. The company had revenue of $6.66 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WFCF. Sanctuary Advisors LLC bought a new position in shares of Where Food Comes From in the 3rd quarter valued at approximately $2,223,000. Northern Trust Corp bought a new position in Where Food Comes From in the 4th quarter worth approximately $197,000. Bard Associates Inc. increased its position in Where Food Comes From by 22.6% in the 3rd quarter. Bard Associates Inc. now owns 60,221 shares of the company's stock worth $649,000 after buying an additional 11,106 shares during the period. DGS Capital Management LLC bought a new position in Where Food Comes From in the 4th quarter worth approximately $147,000. Finally, Geode Capital Management LLC increased its position in Where Food Comes From by 23.8% in the 3rd quarter. Geode Capital Management LLC now owns 25,955 shares of the company's stock worth $280,000 after buying an additional 4,984 shares during the period. 18.84% of the stock is owned by institutional investors.

Where Food Comes From Company Profile

(Get Free Report)

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.

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