Where Food Comes From (NASDAQ:WFCF) Stock Price Crosses Below 50-Day Moving Average – Should You Sell?

Posted by Joseph Casey on Jan 10th, 2025

Shares of Where Food Comes From, Inc. (NASDAQ:WFCF – Get Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $12.07 and traded as low as $11.45. Where Food Comes From shares last traded at $12.00, with a volume of 3,171 shares traded.

Where Food Comes From Price Performance

The firm has a market capitalization of $66.17 million, a PE ratio of 35.83 and a beta of 0.52. The business’s 50 day moving average is $12.10 and its two-hundred day moving average is $11.45.

Hedge Funds Weigh In On Where Food Comes From

Hedge funds and other institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new stake in Where Food Comes From during the 3rd quarter valued at about $2,223,000. Bard Associates Inc. increased its stake in shares of Where Food Comes From by 22.6% in the third 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. Finally, 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 worth $280,000 after buying an additional 4,984 shares during the period. 18.84% of the stock is currently owned by hedge funds and other institutional investors.

About Where Food Comes From

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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 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.