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

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

China Yuchai International Stock Down 0.6 %

CYD traded down $0.05 during midday trading on Tuesday, hitting $9.03. The company had a trading volume of 19,725 shares, compared to its average volume of 23,787. China Yuchai International has a 52 week low of $7.85 and a 52 week high of $13.05. The company has a market capitalization of $2.44 million, a price-to-earnings ratio of 6.37 and a beta of 1.07. The stock’s 50 day moving average price is $11.78 and its 200 day moving average price is $10.15.

Hedge Funds Weigh In On China Yuchai International

Institutional investors have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of China Yuchai International by 2.2% during the 3rd 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 during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of China Yuchai International during the 3rd quarter valued at $43,000. Brandes Investment Partners LP grew its stake in shares of China Yuchai International by 4.2% during the 2nd quarter. Brandes Investment Partners LP now owns 1,293,521 shares of the company’s stock worth $11,771,000 after acquiring an additional 51,953 shares during the period. Shah Capital Management raised its stake in China Yuchai International by 0.7% in the 2nd 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 during the period. Finally, Verity Asset Management Inc. bought a new position in China Yuchai International during the first quarter worth about $175,000.

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.