China Yuchai International (NYSE:CYD) Reaches New 12-Month High - Time to Buy?

Key Points

• China Yuchai International (NYSE:CYD) reached a new 52-week high of $40.56 during mid-day trading, closing at $40.47 with a trading volume of 255,583 shares.
• Analysts have mixed ratings for the stock, with one lowering it from a "strong-buy" to a "buy" rating, while Zacks Research upgraded it from "hold" to "strong-buy," resulting in an average rating of "Buy."
• Recent institutional investments include significant purchases by Ariose Capital Management and Millennium Management, indicating increased hedge fund interest in China Yuchai International.

China Yuchai International Limited (NYSE:CYD - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $40.56 and last traded at $40.47, with a volume of 255583 shares trading hands. The stock had previously closed at $39.18.

Wall Street Analyst Weigh In

CYD has been the subject of several analyst reports. Wall Street Zen cut China Yuchai International from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 13th. Zacks Research upgraded China Yuchai International from a "hold" rating to a "strong-buy" rating in a report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy".

China Yuchai International Stock Up 1.2%

The business has a fifty day moving average of $29.79 and a 200 day moving average of $22.46. The company has a market capitalization of $1.49 billion, a PE ratio of 24.56 and a beta of 1.03. The company has a current ratio of 1.55, a quick ratio of 1.20 and a debt-to-equity ratio of 0.05.

Hedge Funds Weigh In On China Yuchai International

A number of hedge funds and other institutional investors have recently bought and sold shares of CYD. Quantbot Technologies LP purchased a new position in China Yuchai International during the 2nd quarter valued at about $48,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in China Yuchai International in the 2nd quarter valued at about $144,000. Nomura Holdings Inc. acquired a new stake in China Yuchai International in the 4th quarter valued at about $191,000. E Fund Management Co. Ltd. acquired a new stake in China Yuchai International in the 2nd quarter valued at about $206,000. Finally, Trexquant Investment LP acquired a new stake in China Yuchai International in the 1st quarter valued at about $258,000.

China Yuchai International Company Profile

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.