China Yuchai International (NYSE:CYD) Lowered to "Buy" Rating by Wall Street Zen

Key Points

• China Yuchai International was downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen, reflecting a shift in analyst sentiment.
• In contrast, Zacks Research upgraded the stock from a "hold" to a "strong-buy" rating, indicating mixed views among analysts.
• The company's stock price increased by 2.8% and currently has a market capitalization of $1.46 billion.

Wall Street Zen downgraded shares of China Yuchai International (NYSE:CYD - Free Report) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday morning.

Separately, Zacks Research upgraded shares of China Yuchai International from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy".

China Yuchai International Price Performance

Shares of NYSE CYD traded down $1.64 during trading hours on Friday, hitting $39.37. 519,538 shares of the stock were exchanged, compared to its average volume of 261,009. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.20 and a current ratio of 1.55. The company has a market cap of $1.48 billion, a PE ratio of 24.30 and a beta of 1.03. The company's fifty day simple moving average is $29.49 and its two-hundred day simple moving average is $22.32. China Yuchai International has a 1-year low of $8.61 and a 1-year high of $41.50.

Hedge Funds Weigh In On China Yuchai International

Several institutional investors and hedge funds have recently added to or reduced their stakes in CYD. Ariose Capital Management Ltd bought a new position in China Yuchai International in the 1st quarter valued at approximately $3,383,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in China Yuchai International in the 2nd quarter valued at approximately $4,759,000. Pinpoint Asset Management Ltd bought a new position in China Yuchai International in the 1st quarter valued at approximately $3,382,000. Lighthouse Investment Partners LLC bought a new position in China Yuchai International in the 2nd quarter valued at approximately $4,307,000. Finally, Jane Street Group LLC bought a new position in China Yuchai International in the 1st quarter valued at approximately $1,409,000.

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.