Where Food Comes From (NASDAQ:WFCF) Releases Earnings Results

Where Food Comes From (NASDAQ:WFCF) announced its quarterly earnings data on Thursday. The company reported $0.22 earnings per share (EPS) for the quarter, Zacks reports. Where Food Comes From had a net margin of 7.99% and a return on equity of 18.22%.

Where Food Comes From Price Performance

Shares of WFCF stock traded down $0.35 during trading hours on Thursday, hitting $11.81. The stock had a trading volume of 757 shares, compared to its average volume of 3,607. The stock’s 50-day moving average price is $12.82 and its two-hundred day moving average price is $11.60. Where Food Comes From has a one year low of $9.26 and a one year high of $13.78. The stock has a market capitalization of $61.03 million, a price-to-earnings ratio of 30.28 and a beta of 0.66.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Where Food Comes From in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Where Food Comes From stock. Vanguard Group Inc. boosted its stake in shares of Where Food Comes From Inc. (NASDAQ:WFCF) by 3.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 160,911 shares of the company’s stock after acquiring an additional 5,017 shares during the quarter. Vanguard Group Inc. owned about 3.11% of Where Food Comes From worth $2,164,000 as of its most recent SEC filing. Hedge funds and other institutional investors 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.