China Yuchai International (NYSE:CYD) Reaches New 1-Year Low – Time to Sell?

China Yuchai International Limited (NYSE:CYD) hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $21.80 and last traded at $22.1850, with a volume of 75,503 shares changing hands. The stock had previously closed at $22.45.

Wall Street Analysts Forecast Growth

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

China Yuchai International Stock Down 2.1%

The company has a fifty day moving average of $31.97 and a two-hundred day moving average of $42.84.

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 shares were sold at an average price of $45.69, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Loo Sen sold 13,200 shares of China Yuchai International stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $46.95, for a total value of $619,740.00. Following the sale, the chief financial officer directly owned 13,200 shares in the company, valued at approximately $619,740. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Hedge Funds Weigh In On China Yuchai International

Several large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its holdings 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 purchasing an additional 65,109 shares in the last quarter. Matthews International Capital Management LLC grew its holdings 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 valued at $12,475,000 after buying an additional 262,165 shares in the last quarter. Dorsey Wright & Associates increased its holdings in shares of China Yuchai International by 41.6% in the 1st quarter. Dorsey Wright & Associates now owns 90,208 shares of the company’s stock valued at $3,473,000 after purchasing an additional 26,482 shares during the period. Diversify Wealth Management LLC boosted its stake in shares of China Yuchai International by 41.2% during the 1st quarter. Diversify Wealth Management LLC now owns 76,412 shares of the company’s stock valued at $3,063,000 after buying an additional 22,305 shares during the period. Finally, Diversify Advisory Services LLC grew its stake in China Yuchai International by 24.7% in the third quarter. Diversify Advisory Services LLC now owns 96,130 shares of the company’s stock valued at $2,983,000 after purchasing an additional 19,017 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.