China Yuchai International (NYSE:CYD) Shares Gap Down – What’s Next?

China Yuchai International Limited (NYSE:CYD)’s stock price gapped down prior to trading on Friday. The stock had previously closed at $25.49, but opened at $23.59. China Yuchai International shares last traded at $23.3250, with a volume of 3,912 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have commented on CYD shares. Citigroup raised shares of China Yuchai International to a “buy” rating in a research report on Monday, July 27th. 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. Zacks Research lowered shares of China Yuchai International from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 25th. 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. Finally, Wall Street Zen downgraded China Yuchai International from a “buy” rating to a “hold” rating in a report on Saturday, September 26th. Two 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 data from MarketBeat.com, China Yuchai International presently has a consensus rating of “Buy” and an average price target of $60.00.

China Yuchai International Stock Down 2.6%

The business’s 50 day simple moving average is $34.30 and its 200-day simple moving average is $42.92.

Insider Activity at China Yuchai International

In related news, 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 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Loo Sen sold 13,200 shares of the business’s stock in a transaction dated 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 directly owned 13,200 shares in the company, valued at $619,740. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in China Yuchai International by 101.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 886 shares of the company’s stock valued at $27,000 after purchasing an additional 447 shares during the last quarter. Blue Trust Inc. bought a new position in shares of China Yuchai International in the first quarter worth about $69,000. Elevation Point Wealth Partners LLC bought a new stake in shares of China Yuchai International during the first quarter worth about $202,000. BTG Pactual Asset Management US LLC acquired a new position in China Yuchai International during the 2nd quarter worth about $211,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of China Yuchai International in the 2nd quarter valued at $280,000.

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.