China Yuchai International (NYSE:CYD) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of China Yuchai International (NYSE:CYD) in a research note released on Wednesday morning. The brokerage issued a buy rating on the stock.

China Yuchai International Price Performance

CYD stock opened at $8.35 on Wednesday. China Yuchai International has a one year low of $7.45 and a one year high of $12.50. The company’s fifty day moving average price is $8.57 and its 200-day moving average price is $8.65.

Hedge Funds Weigh In On China Yuchai International

A hedge fund recently raised its stake in China Yuchai International stock. Shah Capital Management lifted its stake in China Yuchai International Limited (NYSE:CYD) by 0.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,108,507 shares of the company’s stock after buying an additional 17,071 shares during the quarter. China Yuchai International makes up about 8.8% of Shah Capital Management’s investment portfolio, making the stock its 5th largest position. Shah Capital Management owned about 10.06% of China Yuchai International worth $34,429,000 as of its most recent filing with the SEC.

About China Yuchai International

China Yuchai International Limited, through its subsidiaries, manufactures, assembles, and sells diesel and natural gas engines for trucks, buses and passenger vehicles, marine, industrial, and agriculture applications in the People's Republic of China and internationally. It operates through two segments, Yuchai and HLGE.