Where Food Comes From (NASDAQ:WFCF) Announces Quarterly Earnings Results

Where Food Comes From (NASDAQ:WFCF) released its earnings results on Thursday. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.05 by $0.12, Zacks reports. Where Food Comes From had a return on equity of 15.39% and a net margin of 5.78%.

Where Food Comes From Price Performance

WFCF stock traded up $1.21 during mid-day trading on Thursday, reaching $17.20. The company had a trading volume of 5,192 shares, compared to its average volume of 21,780. The stock has a 50 day simple moving average of $13.88 and a two-hundred day simple moving average of $12.74. The company has a market capitalization of $85.63 million, a price-to-earnings ratio of 61.41 and a beta of 0.14. Where Food Comes From has a 52 week low of $9.15 and a 52 week high of $22.15.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Where Food Comes From from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, September 24th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Where Food Comes From Company Profile

Where Food Comes From, Inc. provides verification, certification, and traceability services for the agricultural and food industries. The company helps producers, processors, retailers, and food brands substantiate claims about how products are raised, grown, sourced, and handled throughout the supply chain. Its services include source and origin verification, sustainability and production-practice audits, animal welfare assessments, organic and non-GMO certification support, and supply-chain data and traceability solutions.