China Yuchai International (NYSE:CYD) Reaches New 1-Year High - Here's What Happened

Key Points

• China Yuchai International reached a new 52-week high during trading, hitting $41.63, with its last traded price at $40.87.
• Brokerage ratings for the stock have varied, with Zacks Research upgrading it to a "strong-buy", while Wall Street Zen downgraded it to a "buy".
• The company has seen substantial interest from institutional investors, with several hedge funds acquiring new stakes worth millions in the first quarter.

China Yuchai International Limited (NYSE:CYD - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $41.63 and last traded at $40.87, with a volume of 858 shares trading hands. The stock had previously closed at $40.43.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CYD. Zacks Research upgraded shares of China Yuchai International from a "hold" rating to a "strong-buy" rating in a report on Friday, August 15th. Wall Street Zen downgraded shares of China Yuchai International from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy".

China Yuchai International Price Performance

The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 25.61 and a beta of 1.03. The company's 50 day simple moving average is $30.12 and its 200-day simple moving average is $22.61. The company has a current ratio of 1.55, a quick ratio of 1.20 and a debt-to-equity ratio of 0.05.

Institutional Investors Weigh In On China Yuchai International

Hedge funds have recently modified their holdings of the stock. Ariose Capital Management Ltd acquired a new stake in shares of China Yuchai International in the first quarter worth approximately $3,383,000. Millennium Management LLC boosted its position in shares of China Yuchai International by 42.2% in the fourth quarter. Millennium Management LLC now owns 47,263 shares of the company's stock worth $450,000 after acquiring an additional 14,030 shares during the last quarter. Pinpoint Asset Management Ltd acquired a new stake in shares of China Yuchai International in the first quarter worth approximately $3,382,000. Hhlr Advisors LTD. acquired a new stake in shares of China Yuchai International in the first quarter worth approximately $1,189,000. Finally, Trexquant Investment LP acquired a new stake in shares of China Yuchai International in the first quarter worth approximately $258,000.

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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