China Yuchai International (NYSE:CYD) Sets New 12-Month High – Here’s Why

Shares of China Yuchai International Limited (NYSE:CYD) reached a new 52-week high on Wednesday . The stock traded as high as $40.56 and last traded at $40.47, with a volume of 255583 shares traded. The stock had previously closed at $39.18.

Analyst Upgrades and Downgrades

CYD has been the topic of a number of research analyst reports. Zacks Research raised shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a report on Friday, August 15th. Wall Street Zen downgraded shares of China Yuchai International from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, China Yuchai International has a consensus rating of “Buy”.

China Yuchai International Stock Down 4.0%

The company has a market cap of $1.48 billion, a PE ratio of 24.30 and a beta of 1.03. The stock’s 50 day moving average price is $29.49 and its 200-day moving average price is $22.32. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.20 and a current ratio of 1.55.

Institutional Investors Weigh In On China Yuchai International

Institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP purchased a new stake in China Yuchai International during the 2nd quarter valued at about $48,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in China Yuchai International during the 2nd quarter valued at about $144,000. Nomura Holdings Inc. purchased a new stake in China Yuchai International during the 4th quarter valued at about $191,000. E Fund Management Co. Ltd. purchased a new stake in China Yuchai International during the 2nd quarter valued at about $206,000. Finally, Trexquant Investment LP purchased a new stake in China Yuchai International during the 1st quarter valued at about $258,000.

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.