China Yuchai International (NYSE:CYD) Reaches New 12-Month High – Here’s What Happened

China Yuchai International Limited (NYSE:CYD)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $56.90 and last traded at $56.5410, with a volume of 4883 shares changing hands. The stock had previously closed at $55.66.

Analysts Set New Price Targets

A number of research firms recently commented on CYD. Zacks Research upgraded shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Wall Street Zen lowered shares of China Yuchai International from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings lowered shares of China Yuchai International from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $60.00.

China Yuchai International Price Performance

The company’s fifty day simple moving average is $43.03 and its 200 day simple moving average is $41.91.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CYD. Goldman Sachs Group Inc. bought a new position in China Yuchai International in the 1st quarter worth $422,000. Jane Street Group LLC bought a new position in China Yuchai International in the 1st quarter worth $1,409,000. JPMorgan Chase & Co. bought a new position in China Yuchai International in the 2nd quarter worth $1,278,000. Quantbot Technologies LP bought a new position in China Yuchai International in the 2nd quarter worth $48,000. Finally, Jump Financial LLC bought a new position in China Yuchai International in the 2nd quarter worth $891,000.

About China Yuchai International

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.