Blue Nile Inc. (NASDAQ:NILE) saw unusually-strong trading volume on Thursday . Approximately 121,673 shares were traded during mid-day trading, an increase of 18% from the previous session’s volume of 102,764 shares.The stock last traded at $31.45 and had previously closed at $30.84.

Several equities research analysts have recently weighed in on NILE shares. Zacks Investment Research raised shares of Blue Nile from a “sell” rating to a “hold” rating in a research report on Tuesday, May 10th. William Blair reaffirmed a “market perform” rating on shares of Blue Nile in a research report on Tuesday, August 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $25.67.

The stock’s 50-day moving average price is $29.59 and its 200 day moving average price is $27.14. The company has a market cap of $384.95 million and a price-to-earnings ratio of 38.00.

Blue Nile (NASDAQ:NILE) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by $0.03. The business had revenue of $113.77 million for the quarter, compared to analyst estimates of $113.95 million. During the same period in the previous year, the company posted $0.20 EPS. Blue Nile’s revenue was up .1% on a year-over-year basis. Equities research analysts expect that Blue Nile Inc. will post $0.88 earnings per share for the current fiscal year.

Blue Nile, Inc is an online retailer of diamonds and fine jewelry. The Company operates through the online retail jewelry segment. It sells its products through the Blue Nile Website in over 40 countries and territories across the world. Its domestic sales consist of products delivered to customers within the United States and its international sales consist of products delivered to customers outside the United States.

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