China Yuchai International (NYSE:CYD) Reaches New 52-Week Low – What’s Next?

China Yuchai International Limited (NYSE:CYD) shares hit a new 52-week low on Monday. The company traded as low as $23.11 and last traded at $23.5240, with a volume of 246,147 shares trading hands. The stock had previously closed at $23.23.

Analyst Ratings Changes

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

China Yuchai International Stock Performance

The business’s 50-day moving average is $33.86 and its two-hundred day moving average is $42.80.

Insider Buying and Selling at China Yuchai International

In other news, CFO Loo Sen sold 13,200 shares of China Yuchai International stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $46.95, for a total transaction of $619,740.00. Following the sale, the chief financial officer owned 13,200 shares of the company’s stock, valued at approximately $619,740. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Neo Kiat sold 8,000 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $45.69, for a total transaction of $365,520.00. Following the sale, the director owned 8,000 shares of the company’s stock, valued at $365,520. This trade represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information.

Institutional Investors Weigh In On China Yuchai International

Several large investors have recently made changes to their positions in the stock. Matthews International Capital Management LLC increased its position in shares of China Yuchai International by 423.7% during the first quarter. Matthews International Capital Management LLC now owns 324,034 shares of the company’s stock worth $12,475,000 after buying an additional 262,165 shares during the period. Renaissance Technologies LLC lifted its holdings in China Yuchai International by 23.4% during the 1st quarter. Renaissance Technologies LLC now owns 343,603 shares of the company’s stock worth $13,229,000 after purchasing an additional 65,109 shares in the last quarter. Inspire Investing LLC purchased a new position in shares of China Yuchai International during the 1st quarter valued at $1,653,000. Dorsey Wright & Associates grew its stake in China Yuchai International by 41.6% in the 1st quarter. Dorsey Wright & Associates now owns 90,208 shares of the company’s stock worth $3,473,000 after buying an additional 26,482 shares in the last quarter. Finally, Diversify Wealth Management LLC boosted its holdings in shares of China Yuchai International by 41.2% in the 1st quarter. Diversify Wealth Management LLC now owns 76,412 shares of the company’s stock worth $3,063,000 after purchasing 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.