China Yuchai International (NYSE:CYD) Shares Down 7.1% – Here’s What Happened

China Yuchai International Limited (NYSE:CYD)’s stock price dropped 7.1% during mid-day trading on Wednesday . The company traded as low as $50.15 and last traded at $49.6650. Approximately 100,550 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 188,370 shares. The stock had previously closed at $53.45.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CYD. Zacks Research upgraded China Yuchai International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Weiss Ratings downgraded China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Finally, Wall Street Zen downgraded China Yuchai International from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, China Yuchai International presently has an average rating of “Buy” and an average target price of $60.00.

China Yuchai International Stock Down 8.8%

The stock has a 50 day moving average of $47.42 and a two-hundred day moving average of $43.74.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Personal CFO Solutions LLC increased its position in China Yuchai International by 2.9% in the 1st quarter. Personal CFO Solutions LLC now owns 10,568 shares of the company’s stock worth $407,000 after buying an additional 293 shares during the period. State of Wyoming raised its holdings in China Yuchai International by 9.8% in the 4th quarter. State of Wyoming now owns 4,956 shares of the company’s stock valued at $176,000 after acquiring an additional 443 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in China Yuchai International by 1.7% in the 1st quarter. Public Employees Retirement System of Ohio now owns 35,186 shares of the company’s stock valued at $1,355,000 after acquiring an additional 603 shares in the last quarter. AdvisorShares Investments LLC raised its holdings in China Yuchai International by 1.7% in the 4th quarter. AdvisorShares Investments LLC now owns 43,852 shares of the company’s stock valued at $1,557,000 after acquiring an additional 752 shares in the last quarter. Finally, Burns Matteson Capital Management LLC increased its position in shares of China Yuchai International by 12.0% during the fourth quarter. Burns Matteson Capital Management LLC now owns 10,544 shares of the company’s stock valued at $374,000 after purchasing an additional 1,128 shares during the period.

China Yuchai International Company Profile

China Yuchai International Ltd. (NYSE: CYD) is a Cayman Islands–incorporated holding company with principal executive offices in Singapore. Through its subsidiaries, the company is a leading manufacturer and distributor of diesel engines in the People’s Republic of China. Its principal operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL), has been producing diesel engines since 1951 and ranks among the country’s largest heavy-duty engine makers.

The company’s core product portfolio includes high-speed and medium-speed diesel engines for on-highway trucks and buses, off-road vehicles such as construction and agricultural machinery, marine propulsion systems, and power generator sets.