China Yuchai International (NYSE:CYD) Reaches New 12-Month High – Here’s What Happened
by Amy Steele · The Cerbat GemShares of China Yuchai International Limited (NYSE:CYD – Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as $56.90 and last traded at $56.5410, with a volume of 4883 shares trading hands. The stock had previously closed at $55.66.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on CYD shares. Zacks Research raised shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Wall Street Zen cut shares of China Yuchai International from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings cut shares of China Yuchai International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, China Yuchai International has a consensus rating of “Buy” and a consensus price target of $60.00.
Check Out Our Latest Research Report on China Yuchai International
China Yuchai International Stock Up 4.2%
The stock’s 50 day simple moving average is $43.03 and its 200 day simple moving average is $41.91.
Institutional Investors Weigh In On China Yuchai International
Institutional investors have recently made changes to their positions in the business. Tudor Investment Corp ET AL boosted its stake in shares of China Yuchai International by 545.9% in the 3rd quarter. Tudor Investment Corp ET AL now owns 154,425 shares of the company’s stock valued at $6,389,000 after purchasing an additional 130,515 shares in the last quarter. AdvisorShares Investments LLC purchased a new stake in shares of China Yuchai International in the 3rd quarter valued at $1,783,000. Diversify Wealth Management LLC bought a new stake in China Yuchai International during the 3rd quarter valued at $2,073,000. Dorsey Wright & Associates bought a new stake in China Yuchai International during the 3rd quarter valued at $2,465,000. Finally, Envestnet Asset Management Inc. bought a new stake in China Yuchai International during the 3rd quarter valued at $3,170,000.
China Yuchai International Company Profile
China Yuchai International Ltd. (NYSE: CYD) is a Cayman Islands–incorporated holding company with principal executive offices in Singapore. Through its subsidiaries, the company is a leading manufacturer and distributor of diesel engines in the People’s Republic of China. Its principal operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL), has been producing diesel engines since 1951 and ranks among the country’s largest heavy-duty engine makers.
The company’s core product portfolio includes high-speed and medium-speed diesel engines for on-highway trucks and buses, off-road vehicles such as construction and agricultural machinery, marine propulsion systems, and power generator sets.