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Zacks Investment Research upgraded Blue Nile Inc (NASDAQ:NILE) to Hold in a report released today.

Zacks Investment Research has upgraded Blue Nile Inc (NASDAQ:NILE) to Hold in a report released on Wednesday October 12, 2016.

Yesterday Blue Nile Inc (NASDAQ:NILE) traded -0.34% lower at $35.49. The company’s 50-day moving average is $35.16 and its 200-day moving average is $29.23. The last stock close price is up 21.40% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 77,275 shares of the stock were exchanged, down from an average trading volume of 103,445

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Blue Nile Inc (NASDAQ:NILE)

Blue Nile Inc has a 52 week low of $22.33 and a 52 week high of $39.00 with a P/E ratio of 40.70 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 2 firms have issued a report on the stock. The consensus target price is $25.00 with 1 firm rating the stock a strong buy, 0 firms rating the stock a buy, 1 firm rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

General Information About Blue Nile Inc (NASDAQ:NILE)

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. The Company's Website showcases over 150,000 diamonds and styles of jewelry, including rings, wedding bands, earrings, necklaces, pendants, bracelets, gifts and accessories. Its subsidiaries include Blue Nile LLC (LLC), which serves customers in the United States, Canada and Asia Pacific; Blue Nile Worldwide Inc., which serves its customers in Europe; Blue Nile (Shanghai) Trading Co., Ltd., which serves customers in China, and Blue Nile Jewellery, Ltd (Jewellery), which operates a customer service and fulfillment center in Dublin, Ireland.

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