National Vision (NASDAQ:EYE) Trading Up 3.3% – Time to Buy?

National Vision Holdings, Inc. (NASDAQ:EYE) rose 3.3% on Tuesday . The company traded as high as $10.58 and last traded at $10.43. Approximately 396,260 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 1,440,593 shares. The stock had previously closed at $10.10.

National Vision Stock Performance

The company has a current ratio of 0.57, a quick ratio of 0.37 and a debt-to-equity ratio of 0.30. The stock has a market cap of $826.09 million, a price-to-earnings ratio of -52.45, a PEG ratio of 3.10 and a beta of 1.41. The stock’s 50 day moving average is $11.21 and its two-hundred day moving average is $11.45.

National Vision (NASDAQ:EYE) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.06. National Vision had a positive return on equity of 3.52% and a negative net margin of 0.81%. The firm had revenue of $451.50 million for the quarter, compared to analysts’ expectations of $451.13 million. During the same quarter in the previous year, the firm posted $0.09 EPS. The firm’s revenue for the quarter was down 15.2% on a year-over-year basis. Analysts anticipate that National Vision Holdings, Inc. will post 0.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On National Vision

Institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in shares of National Vision during the second quarter worth about $32,000. KBC Group NV increased its position in National Vision by 64.6% during the 3rd quarter. KBC Group NV now owns 3,291 shares of the company’s stock worth $36,000 after purchasing an additional 1,292 shares during the period. Quarry LP purchased a new position in shares of National Vision during the 3rd quarter worth approximately $43,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of National Vision in the 3rd quarter valued at approximately $45,000. Finally, CWM LLC boosted its stake in shares of National Vision by 197.7% in the third quarter. CWM LLC now owns 8,089 shares of the company’s stock valued at $88,000 after buying an additional 5,372 shares in the last quarter.

National Vision Company Profile

National Vision Holdings, Inc, through its subsidiaries, operates as an optical retailer in the United States. The company operates in two segments, Owned & Host and Legacy. It offers eyeglasses and contact lenses, and optical accessory products; provides eye exams through its America’s Best, Eyeglass World, Vista Optical, Fred Meyer, and Vista Optical military, as well as Vision Center branded stores; and offers health maintenance organization and optometric services.