Blue Nile Inc. (NASDAQ:NILE) saw an uptick in trading volume on Thursday . 121,673 shares traded hands 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 research firms have issued reports on NILE. Zacks Investment Research cut shares of Blue Nile from a “hold” rating to a “sell” rating in a research note on Thursday, August 11th. William Blair reiterated a “market perform” rating on shares of Blue Nile in a research note on Tuesday, August 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Blue Nile has an average rating of “Hold” and a consensus price target of $25.67.

The company has a 50-day moving average price of $29.42 and a 200 day moving average price of $27.15. The company has a market cap of $375.20 million and a PE ratio of 37.04.

Blue Nile (NASDAQ:NILE) last announced its earnings results on Monday, August 8th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.03. The company had revenue of $113.77 million for the quarter, compared to the consensus estimate of $113.95 million. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the business earned $0.20 EPS. On average, 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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