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Shares of Blue Nile (NASDAQ:NILE) hit a new 52-week low during mid-day trading on Tuesday , AnalystRatingsNetwork.com reports. The company traded as low as $28.64 and last traded at $29.00, with a volume of 55,157 shares trading hands. The stock had previously closed at $29.02.

Several analysts have recently commented on the stock. Analysts at Deutsche Bank cut their price target on shares of Blue Nile from $43.00 to $40.00 in a research note on Friday, May 2nd. They now have a “buy” rating on the stock. Analysts at Zacks upgraded shares of Blue Nile from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 9th. They now have a $35.20 price target on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $42.05.

The stock has a 50-day moving average of $30. and a 200-day moving average of $37.25. The company has a market cap of $348.9 million and a price-to-earnings ratio of 33.82.

Blue Nile (NASDAQ:NILE) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.08 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.08. The company had revenue of $103.70 million for the quarter, compared to the consensus estimate of $105.44 million. During the same quarter last year, the company posted $0.07 earnings per share. Blue Nile’s revenue was up 6.8% compared to the same quarter last year. Analysts expect that Blue Nile will post $0.88 EPS for the current fiscal year.

Blue Nile, Inc (NASDAQ:NILE) is the online retailer of diamonds and jewelry.

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