China Yuchai International (NYSE:CYD) Shares Down 4.1% - Here's What Happened

Key Points

• China Yuchai International shares dropped by 4.1%, closing at $39.30, with a significant decline in trading volume, only about 33,723 shares compared to the average of 278,035.
• Analysts have recently upgraded the stock, with Zacks Research raising it from a "hold" to a "strong-buy" rating, while MarketBeat notes a consensus rating of "Buy".
• The company has a market capitalization of $1.46 billion and has seen substantial investment from hedge funds, with several purchasing new positions in the first and second quarters.

China Yuchai International Limited (NYSE:CYD - Get Free Report) shares were down 4.1% during trading on Thursday . The stock traded as low as $40.01 and last traded at $39.30. Approximately 33,723 shares traded hands during trading, a decline of 88% from the average daily volume of 278,035 shares. The stock had previously closed at $41.00.

Analyst Upgrades and Downgrades

Several analysts have commented on CYD shares. Zacks Research raised China Yuchai International from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 15th. Wall Street Zen raised China Yuchai International from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, China Yuchai International presently has a consensus rating of "Buy".

China Yuchai International Trading Down 5.2%

The firm has a market capitalization of $1.46 billion, a PE ratio of 23.99 and a beta of 1.12. The business has a 50 day moving average price of $32.40 and a 200-day moving average price of $23.53.

Hedge Funds Weigh In On China Yuchai International

Several hedge funds have recently bought and sold shares of the company. Ariose Capital Management Ltd purchased a new position in China Yuchai International in the 1st quarter valued at approximately $3,383,000. Pinpoint Asset Management Ltd purchased a new position in China Yuchai International in the 1st quarter valued at approximately $3,382,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in China Yuchai International in the 2nd quarter valued at approximately $4,759,000. Lighthouse Investment Partners LLC purchased a new position in China Yuchai International in the 2nd quarter valued at approximately $4,307,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in China Yuchai International by 70.3% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 135,881 shares of the company's stock valued at $3,249,000 after purchasing an additional 56,085 shares in the last quarter.

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.

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