China Yuchai International (NYSE:CYD) Trading Down 7.1% – Time to Sell?

China Yuchai International Limited (NYSE:CYD)’s stock price traded down 7.1% during mid-day trading on Wednesday . The stock traded as low as $50.15 and last traded at $49.6650. 100,550 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 188,370 shares. The stock had previously closed at $53.45.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Weiss Ratings cut China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Wall Street Zen cut China Yuchai International from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Zacks Research raised China Yuchai International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, China Yuchai International has a consensus rating of “Buy” and a consensus price target of $60.00.

China Yuchai International Trading Down 8.8%

The company has a 50 day moving average of $47.42 and a two-hundred day moving average of $43.74.

Institutional Investors Weigh In On China Yuchai International

A number of institutional investors have recently bought and sold shares of CYD. Quantbot Technologies LP acquired a new stake in China Yuchai International during the 2nd quarter worth about $48,000. Public Employees Retirement Association of Colorado purchased a new stake in shares of China Yuchai International during the 4th quarter worth about $50,000. Advisory Services Network LLC purchased a new stake in shares of China Yuchai International during the 3rd quarter worth about $66,000. Deutsche Bank AG purchased a new stake in shares of China Yuchai International during the 4th quarter worth about $67,000. Finally, Blue Trust Inc. purchased a new stake in shares of China Yuchai International during the 1st quarter worth about $69,000.

About China Yuchai International

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.