Where Food Comes From (NASDAQ:WFCF) Shares Pass Below 50 Day Moving Average – Time to Sell?

Where Food Comes From, Inc. (NASDAQ:WFCF) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty 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 Stock Performance

The company’s 50-day moving average price is $12.10 and its 200 day moving average price is $11.45. The stock has a market capitalization of $66.17 million, a PE ratio of 35.83 and a beta of 0.52.

Institutional Investors Weigh In On Where Food Comes From

Several hedge funds have recently made changes to their positions in WFCF. Bard Associates Inc. lifted its holdings in shares of Where Food Comes From by 22.6% during the third quarter. Bard Associates Inc. now owns 60,221 shares of the company’s stock valued at $649,000 after purchasing an additional 11,106 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Where Food Comes From by 23.8% during the third quarter. Geode Capital Management LLC now owns 25,955 shares of the company’s stock valued at $280,000 after acquiring an additional 4,984 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Where Food Comes From in the 3rd quarter worth about $2,223,000. 18.84% of the stock is currently owned by institutional investors.

About Where Food Comes From

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.