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

by · The Markets Daily

China Yuchai International Limited (NYSE:CYD – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $27.47 and last traded at $28.0750, with a volume of 193,521 shares trading hands. The stock had previously closed at $28.16.

Wall Street Analysts Forecast Growth

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

View Our Latest Report on CYD

China Yuchai International Trading Down 0.3%

The company’s 50-day moving average is $37.33 and its two-hundred day moving average is $43.54.

Insider Activity at China Yuchai International

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Matthews International Capital Management LLC grew its holdings in shares of China Yuchai International by 423.7% in the first quarter. Matthews International Capital Management LLC now owns 324,034 shares of the company’s stock worth $12,475,000 after acquiring an additional 262,165 shares during the period. Renaissance Technologies LLC lifted its holdings in China Yuchai International by 23.4% in the first quarter. Renaissance Technologies LLC now owns 343,603 shares of the company’s stock valued at $13,229,000 after acquiring an additional 65,109 shares during the period. Inspire Investing LLC bought a new position in China Yuchai International in the first quarter valued at about $1,653,000. Dorsey Wright & Associates boosted its position in China Yuchai International by 41.6% in the first quarter. Dorsey Wright & Associates now owns 90,208 shares of the company’s stock worth $3,473,000 after purchasing an additional 26,482 shares during the last quarter. Finally, Diversify Wealth Management LLC grew 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 purchasing an additional 22,305 shares during the period.

About China Yuchai International

(Get Free Report)

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.

Further Reading