China Yuchai International (NYSE:CYD) Cut to Buy at StockNews.com

StockNews.com lowered shares of China Yuchai International (NYSE:CYD) from a strong-buy rating to a buy rating in a research report sent to investors on Tuesday morning.

China Yuchai International Stock Performance

Shares of NYSE CYD opened at $9.03 on Tuesday. China Yuchai International has a fifty-two week low of $7.85 and a fifty-two week high of $13.05. The company has a 50 day simple moving average of $11.78 and a two-hundred day simple moving average of $10.15. The company has a market capitalization of $2.44 million, a price-to-earnings ratio of 6.40 and a beta of 1.07.

Hedge Funds Weigh In On China Yuchai International

A number of institutional investors and hedge funds have recently made changes to their positions in CYD. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of China Yuchai International by 2.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,891 shares of the company’s stock valued at $1,102,000 after acquiring an additional 1,842 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of China Yuchai International during the third quarter valued at approximately $43,000. Verity Asset Management Inc. bought a new stake in shares of China Yuchai International during the first quarter valued at approximately $175,000. Shah Capital Management increased its position in shares of China Yuchai International by 0.7% during the second quarter. Shah Capital Management now owns 4,221,152 shares of the company’s stock valued at $38,412,000 after acquiring an additional 28,380 shares in the last quarter. Finally, Brandes Investment Partners LP increased its position in shares of China Yuchai International by 4.2% during the second quarter. Brandes Investment Partners LP now owns 1,293,521 shares of the company’s stock valued at $11,771,000 after acquiring an additional 51,953 shares in the last quarter.

China Yuchai International Company Profile

China Yuchai International Limited, through its subsidiaries, manufactures, assembles, and sells diesel and natural gas engines for trucks, buses and passenger vehicles, marine, industrial, construction, agriculture, and generator set applications in the People’s Republic of China and internationally.