China Yuchai International (NYSE:CYD) Sets New 1-Year Low – What’s Next?

China Yuchai International Limited (NYSE:CYD) shares reached 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. The stock had previously closed at $26.02.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CYD. Weiss Ratings downgraded China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Wall Street Zen cut China Yuchai International from a “buy” rating to a “hold” rating in a research note on Saturday, September 26th. Citigroup raised 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 note on Monday, July 27th. Finally, Zacks Research lowered shares of China Yuchai International from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 25th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $60.00.

China Yuchai International Price Performance

The stock’s 50-day moving average is $35.60 and its 200 day moving average is $43.23.

Insider Buying and Selling at China Yuchai International

In other China Yuchai International news, Director Neo Kiat sold 8,000 shares of the company’s stock in a transaction 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 owned 8,000 shares in the company, valued at $365,520. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Loo Sen sold 13,200 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $619,740. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information.

Institutional Trading of China Yuchai International

Several institutional investors and hedge funds have recently made changes to their positions in CYD. Matthews International Capital Management LLC grew its stake in 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 worth $12,475,000 after buying an additional 262,165 shares during the last quarter. Renaissance Technologies LLC increased its position in China Yuchai International by 23.4% during the first quarter. Renaissance Technologies LLC now owns 343,603 shares of the company’s stock worth $13,229,000 after buying an additional 65,109 shares during the period. Dorsey Wright & Associates increased its position 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 buying an additional 26,482 shares during the period. Ritholtz Wealth Management lifted its stake in China Yuchai International by 143.1% in the first quarter. Ritholtz Wealth Management now owns 24,587 shares of the company’s stock valued at $947,000 after buying an additional 14,474 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in China Yuchai International by 160.1% in the first quarter. Bank of America Corp DE now owns 22,389 shares of the company’s stock valued at $862,000 after buying an additional 13,781 shares during the last quarter.

China Yuchai International Company Profile

China Yuchai International Limited (NYSE: CYD) is a holding company whose principal operating subsidiary is Guangxi Yuchai Machinery Company Limited. Based in China, Yuchai develops, manufactures and sells a broad range of diesel and natural-gas engines for commercial vehicles, passenger vehicles, construction equipment, agricultural machinery, marine applications and power-generation systems.

The company also produces engine components and provides related services, including engine remanufacturing, maintenance and technical support.