Where Food Comes From (NASDAQ:WFCF) Stock Price Up 2% – Should You Buy?

Where Food Comes From, Inc. (NASDAQ:WFCF)’s stock price traded up 2% during trading on Friday . The company traded as high as $13.07 and last traded at $13.07. 5,877 shares changed hands during mid-day trading, an increase of 51% from the average session volume of 3,900 shares. The stock had previously closed at $12.81.

Where Food Comes From Stock Performance

The stock has a market capitalization of $68.97 million, a P/E ratio of 37.34 and a beta of 0.55. The firm has a fifty day moving average price of $11.48 and a two-hundred day moving average price of $11.44.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of WFCF. Sanctuary Advisors LLC purchased a new position in shares of Where Food Comes From during the 3rd quarter valued at about $2,223,000. Bard Associates Inc. raised its stake in Where Food Comes From by 22.6% during the 3rd quarter. Bard Associates Inc. now owns 60,221 shares of the company’s stock worth $649,000 after acquiring an additional 11,106 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in 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 purchasing an additional 4,984 shares in the last quarter. Hedge funds and other institutional investors own 18.84% of the company’s stock.

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.