China Yuchai International (NYSE:CYD) Shares Gap Up – Still a Buy?

China Yuchai International Limited (NYSE:CYD)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $17.16, but opened at $18.08. China Yuchai International shares last traded at $18.04, with a volume of 73,679 shares traded.

Wall Street Analyst Weigh In

CYD has been the topic of several research analyst reports. Greenridge Global downgraded China Yuchai International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Wall Street Zen downgraded China Yuchai International from a “buy” rating to a “hold” rating in a research report on Friday, February 28th.

China Yuchai International Stock Performance

The company’s 50 day moving average is $16.14 and its 200 day moving average is $14.28. The stock has a market capitalization of $674.72 million, a price-to-earnings ratio of 11.10 and a beta of 0.95.

Hedge Funds Weigh In On China Yuchai International

Several large investors have recently added to or reduced their stakes in CYD. Nomura Holdings Inc. bought a new position in China Yuchai International in the fourth quarter worth $191,000. Trexquant Investment LP acquired a new position in China Yuchai International in the first quarter worth about $258,000. Goldman Sachs Group Inc. bought a new position in China Yuchai International during the first quarter worth about $422,000. Millennium Management LLC lifted its stake in China Yuchai International by 42.2% during the fourth quarter. Millennium Management LLC now owns 47,263 shares of the company’s stock worth $450,000 after purchasing an additional 14,030 shares during the period. Finally, Hhlr Advisors LTD. acquired a new stake in China Yuchai International during the first quarter valued at approximately $1,189,000.

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.