Where Food Comes From (OTCMKTS:WFCF) Stock Price Passes Above 50-Day Moving Average of $10.48

Shares of Where Food Comes From, Inc. (OTCMKTS:WFCFGet Rating) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $10.48 and traded as high as $12.50. Where Food Comes From shares last traded at $11.93, with a volume of 5,187 shares traded.

The company has a market capitalization of $71.87 million, a price-to-earnings ratio of 32.24 and a beta of 0.78. The firm has a fifty day moving average price of $10.48 and a 200-day moving average price of $12.24.

Where Food Comes From (OTCMKTS:WFCFGet Rating) last released its earnings results on Thursday, May 12th. The company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $6.16 million for the quarter. Where Food Comes From had a return on equity of 17.02% and a net margin of 9.76%.

A hedge fund recently raised its stake in Where Food Comes From stock. Vanguard Group Inc. lifted its stake in shares of Where Food Comes From, Inc. (OTCMKTS:WFCFGet Rating) by 4.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,560 shares of the company’s stock after acquiring an additional 2,740 shares during the quarter. Vanguard Group Inc. owned approximately 1.13% of Where Food Comes From worth $785,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 17.05% of the company’s stock.

About Where Food Comes From (OTCMKTS:WFCF)

Where Food Comes From, Inc, together with its subsidiaries, provides verification and certification solutions for the agriculture, livestock, and food industries in the United States. The company operates through Verification and Certification, and Software Sales and Related Consulting segments. It conducts on-site and desk audits to verify that claims made about livestock, crops, and other food 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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