China Yuchai International (NYSE:CYD) Reaches New 12-Month Low – What’s Next?

China Yuchai International Limited (NYSE:CYD)’s stock price reached a new 52-week low during trading on Thursday. The stock traded as low as $28.03 and last traded at $28.1450, with a volume of 631,937 shares traded. The stock had previously closed at $32.19.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CYD. Wall Street Zen downgraded shares of 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 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. Zacks Research cut China Yuchai International from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 25th. Finally, Weiss Ratings downgraded China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $60.00.

China Yuchai International Stock Performance

The stock’s 50 day simple moving average is $38.10 and its two-hundred day simple moving average is $43.70.

Insiders Place Their Bets

In other China Yuchai International news, Director Neo Kiat sold 8,000 shares of the firm’s 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 sale, the director directly owned 8,000 shares in the company, valued at approximately $365,520. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Loo Sen sold 13,200 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $46.95, for a total transaction of $619,740.00. Following the completion of the transaction, the chief financial officer owned 13,200 shares of the company’s stock, valued at $619,740. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Hedge Funds Weigh In On China Yuchai International

Several large investors have recently bought and sold shares of CYD. Matthews International Capital Management LLC increased its position in China Yuchai International by 423.7% in the 1st quarter. Matthews International Capital Management LLC now owns 324,034 shares of the company’s stock valued at $12,475,000 after acquiring an additional 262,165 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of 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. Dorsey Wright & Associates lifted its position in shares of 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 purchasing an additional 26,482 shares in the last quarter. Ritholtz Wealth Management grew its stake in shares of China Yuchai International by 143.1% during the first quarter. Ritholtz Wealth Management now owns 24,587 shares of the company’s stock valued at $947,000 after purchasing an additional 14,474 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of 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 purchasing an additional 13,781 shares in the last quarter.

About China Yuchai International

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.