Shares of Where Food Comes From, Inc. (NASDAQ:WFCF – Get Free Report ) rose above its 50-day moving average during trading on Tuesday. The stock’s 50-day moving average is $11.64 and it traded as high as $13.00. Shares of Where Food Comes From last traded at $12.61 with trading volume of 2,985 shares.
Food production trade falls 3.7%
The company has a market capitalization of $67.84 million, a price-to-earnings ratio of 32.33 and a beta of 0.57. The company’s 50-day moving average price is $11.64 and its 200-day moving average price is $12.74.
Where Food Comes From (NASDAQ:WFCF – Get free report ) last released its quarterly earnings data on Thursday, May 2nd. The company reported earnings per share (EPS) for the quarter at $0.03. Where Food Comes From had a net margin of 8.68% and a return on equity of 20.76%. The company had revenue of $5.58 million for the quarter.
Institutional trading on food origin
Hedge funds have recently increased their holdings in Where Food Comes From shares. Bard Associates Inc. increased its holdings in Where Food Comes From, Inc. (NASDAQ:WFCF – free report ) by 3.5% in the fourth quarter, according to the latest SEC filing. The institutional investor bought an additional 1,535 shares during the quarter, bringing its holdings to 45,150 shares of the company’s stock. Bard Associates Inc. holds approximately 0.81% of Where Food Comes From shares, valued at $612,000, as of the latest SEC filing. Institutional investors and hedge funds hold 18.84% of the company’s shares.
Food Origins Company Profile
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Where Food Comes From, Inc., together with its subsidiaries, operates as a third-party food verification company in North America. The company operates through its Verification & Certification and Professional Services divisions. It conducts on-site and desk audits to ensure claims about livestock, food, other specialty crops, agricultural and aquaculture products are accurate. It also offers the Where Food Comes From Source Verified retail and restaurant labeling program, which connects consumers directly to the source of the food they buy through product labels and web-based information sharing and education.
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