China Yuchai International (NYSE:CYD) Cut to "Hold" at Zacks Research

Key Points

• China Yuchai International (NYSE:CYD) was downgraded by Zacks Research from a "strong-buy" to a "hold" rating, indicating a more cautious outlook on the company's performance.
• Despite the downgrade, three investment analysts currently rate the stock with a consensus "Hold" rating, suggesting mixed sentiments within the market.
• The firm has shown significant price fluctuations over the past year, with a one-year low of $8.61 and a one-year high of $42.60, reflecting its volatility in the market.

China Yuchai International (NYSE:CYD - Get Free Report) was downgraded by Zacks Research from a "strong-buy" rating to a "hold" rating in a report issued on Monday,Zacks.com reports.

CYD has been the topic of several other research reports. Wall Street Zen upgraded China Yuchai International from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 26th. Weiss Ratings restated a "hold (c)" rating on shares of China Yuchai International in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, China Yuchai International currently has a consensus rating of "Hold".

China Yuchai International Price Performance

CYD opened at $39.05 on Monday. The business has a 50 day simple moving average of $35.18 and a two-hundred day simple moving average of $24.74. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 24.10 and a beta of 1.12. China Yuchai International has a one year low of $8.61 and a one year high of $42.60.

Hedge Funds Weigh In On China Yuchai International

Several hedge funds and other institutional investors have recently modified their holdings of the company. Quantbot Technologies LP bought a new position in China Yuchai International in the 2nd quarter worth $48,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in China Yuchai International in the 2nd quarter worth $144,000. E Fund Management Co. Ltd. purchased a new stake in China Yuchai International in the 2nd quarter worth $206,000. Trexquant Investment LP purchased a new stake in China Yuchai International in the 1st quarter worth $258,000. Finally, Bank of America Corp DE purchased a new stake in China Yuchai International in the 2nd quarter worth $384,000.

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, construction, agriculture, and generator set applications in the People's Republic of China and internationally.

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