China Yuchai International (NYSE:CYD) Shares Down 8% – What’s Next?

China Yuchai International Limited (NYSE:CYD)’s share price was down 8% during trading on Wednesday . The stock traded as low as $44.37 and last traded at $44.16. Approximately 369,524 shares were traded during trading, an increase of 86% from the average daily volume of 198,214 shares. The stock had previously closed at $47.99.

Analyst Ratings Changes

Several brokerages have issued reports on CYD. Weiss Ratings reissued a “hold (c+)” rating on shares of China Yuchai International in a research note on Monday, December 22nd. UBS Group started coverage on shares of China Yuchai International in a research report on Tuesday, January 6th. They set a “buy” rating and a $60.00 price objective for the company. Zacks Research upgraded shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. Finally, Wall Street Zen raised shares of China Yuchai International from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 16th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $60.00.

China Yuchai International Trading Up 8.5%

The company has a fifty day moving average price of $44.76 and a 200 day moving average price of $39.05.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CYD. State of Wyoming raised its holdings in shares of China Yuchai International by 9.8% in the 4th quarter. State of Wyoming now owns 4,956 shares of the company’s stock worth $176,000 after acquiring an additional 443 shares during the last quarter. Personal CFO Solutions LLC increased its holdings in China Yuchai International by 5.3% during the 4th quarter. Personal CFO Solutions LLC now owns 10,275 shares of the company’s stock worth $365,000 after purchasing an additional 513 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of China Yuchai International in the third quarter worth approximately $28,000. AdvisorShares Investments LLC raised its stake in shares of China Yuchai International by 1.7% in the fourth quarter. AdvisorShares Investments LLC now owns 43,852 shares of the company’s stock worth $1,557,000 after purchasing an additional 752 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new position in shares of China Yuchai International in the third quarter valued at approximately $42,000.

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.