China Yuchai International (NYSE:CYD) Reaches New 52-Week High - Should You 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.

Shares of China Yuchai International Limited (NYSE:CYD - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $40.56 and last traded at $40.47, with a volume of 255583 shares traded. The stock had previously closed at $39.18.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CYD shares. Zacks Research upgraded China Yuchai International from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 15th. Wall Street Zen cut China Yuchai International from a "strong-buy" rating to a "buy" rating in a research note 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 data from MarketBeat.com, the company has a consensus rating of "Buy".

China Yuchai International Stock Down 4.0%

The business's fifty day moving average price is $29.49 and its 200 day moving average price is $22.32. The company has a quick ratio of 1.20, a current ratio of 1.55 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.48 billion, a PE ratio of 24.30 and a beta of 1.03.

Institutional Investors Weigh In On China Yuchai International

Institutional investors and hedge funds have recently made changes to their positions in the business. Ariose Capital Management Ltd purchased a new stake in shares of China Yuchai International in the first quarter valued at about $3,383,000. Millennium Management LLC increased its stake in shares of China Yuchai International by 42.2% during 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 period. Pinpoint Asset Management Ltd acquired a new position in shares of China Yuchai International during the first quarter worth about $3,382,000. Hhlr Advisors LTD. acquired a new position in shares of China Yuchai International during the first quarter worth about $1,189,000. Finally, Nomura Holdings Inc. acquired a new position in shares of China Yuchai International during the fourth quarter worth about $191,000.

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.