China Yuchai International (NYSE:CYD) Stock Rating Lowered by StockNews.com

China Yuchai International (NYSE:CYD) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

China Yuchai International Price Performance

CYD opened at $11.84 on Friday. The company’s 50 day simple moving average is $10.36 and its two-hundred day simple moving average is $10.74. The firm has a market capitalization of $3.20 million, a price-to-earnings ratio of 7.31 and a beta of 1.02. China Yuchai International has a 1-year low of $7.95 and a 1-year high of $13.05.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CYD. Connor Clark & Lunn Investment Management Ltd. raised its stake in 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 worth $1,102,000 after purchasing an additional 1,842 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of China Yuchai International by 299.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 13,615 shares of the company’s stock valued at $130,000 after buying an additional 10,207 shares during the period. Shah Capital Management lifted its holdings in China Yuchai International by 3.0% in the fourth quarter. Shah Capital Management now owns 4,345,471 shares of the company’s stock valued at $41,412,000 after acquiring an additional 128,509 shares during the last quarter. Finally, Verity Asset Management Inc. increased its stake in China Yuchai International by 19.5% during the fourth quarter. Verity Asset Management Inc. now owns 24,648 shares of the company’s stock worth $235,000 after acquiring an additional 4,029 shares during the last quarter.

About China Yuchai International

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.