China Yuchai International (NYSE:CYD) Sets New 52-Week Low – Here’s What Happened

Shares of China Yuchai International Limited (NYSE:CYD) hit a new 52-week low during trading on Tuesday. The stock traded as low as $25.71 and last traded at $25.8450, with a volume of 216,281 shares changing hands. The stock had previously closed at $26.02.

Wall Street Analysts Forecast Growth

CYD has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of China Yuchai International from a “buy” rating to a “hold” rating in a research report on Saturday, September 26th. Weiss Ratings downgraded shares of China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Greenridge Global upgraded shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Citigroup raised shares of China Yuchai International to a “buy” rating in a research note on Monday, July 27th. Finally, Zacks Research cut shares of China Yuchai International from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 25th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, China Yuchai International currently has an average rating of “Buy” and a consensus target price of $60.00.

China Yuchai International Price Performance

The company has a 50-day moving average price of $34.73 and a two-hundred day moving average price of $43.03.

Insider Activity at China Yuchai International

In other China Yuchai International news, CFO Loo Sen sold 13,200 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $46.95, for a total value of $619,740.00. Following the transaction, the chief financial officer directly owned 13,200 shares of the company’s stock, valued at approximately $619,740. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Neo Kiat sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $45.69, for a total value of $365,520.00. Following the completion of the transaction, the director directly owned 8,000 shares in the company, valued at approximately $365,520. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

Institutional Trading of China Yuchai International

Several large investors have recently modified their holdings of CYD. Renaissance Technologies LLC increased its stake in shares of China Yuchai International by 23.4% in the 1st quarter. Renaissance Technologies LLC now owns 343,603 shares of the company’s stock valued at $13,229,000 after acquiring an additional 65,109 shares in the last quarter. Matthews International Capital Management LLC lifted its position in shares of China Yuchai International by 423.7% during the 1st quarter. Matthews International Capital Management LLC now owns 324,034 shares of the company’s stock valued at $12,475,000 after acquiring an additional 262,165 shares during the period. Diversify Advisory Services LLC lifted its position in shares of China Yuchai International by 24.7% during the 3rd quarter. Diversify Advisory Services LLC now owns 96,130 shares of the company’s stock valued at $2,983,000 after acquiring an additional 19,017 shares during the period. Dorsey Wright & Associates boosted its stake in China Yuchai International by 41.6% during the first quarter. Dorsey Wright & Associates now owns 90,208 shares of the company’s stock worth $3,473,000 after acquiring an additional 26,482 shares in the last quarter. Finally, Diversify Wealth Management LLC boosted its stake in China Yuchai International by 41.2% during the first quarter. Diversify Wealth Management LLC now owns 76,412 shares of the company’s stock worth $3,063,000 after acquiring an additional 22,305 shares in the last quarter.

China Yuchai International Company Profile

China Yuchai International Limited (NYSE: CYD) is a holding company whose principal operating subsidiary, Guangxi Yuchai Machinery Company Limited, manufactures and sells engines in China. The company is one of the country’s established engine producers and serves commercial vehicle, transportation, construction, agricultural and marine equipment markets.

Its product portfolio includes diesel, natural-gas and other powertrain products used in trucks, buses, passenger vehicles, construction machinery, agricultural equipment, vessels and power-generation applications.