China Yuchai International Limited (NYSE:CYD - Get Free Report) dropped 7% during trading on Thursday . The company traded as low as $38.84 and last traded at $38.15. Approximately 120,384 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 277,481 shares. The stock had previously closed at $41.01.
Wall Street Analyst Weigh In
Several brokerages recently commented on CYD. Wall Street Zen lowered shares of China Yuchai International from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 13th. Zacks Research raised China Yuchai International from a "hold" rating to a "strong-buy" rating in a report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy".
Read Our Latest Report on China Yuchai International
China Yuchai International Stock Performance
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 stock has a market cap of $1.52 billion, a PE ratio of 25.02 and a beta of 1.03. The firm's 50-day moving average is $29.79 and its 200 day moving average is $22.46.
Institutional Trading of China Yuchai International
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ariose Capital Management Ltd purchased a new position in shares of China Yuchai International in the 1st quarter valued at approximately $3,383,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in China Yuchai International in the 2nd quarter valued at $4,759,000. Pinpoint Asset Management Ltd acquired a new position in China Yuchai International in the 1st quarter valued at $3,382,000. Lighthouse Investment Partners LLC purchased a new position in China Yuchai International during the second quarter worth about $4,307,000. Finally, Jane Street Group LLC purchased a new position in shares of China Yuchai International during the 1st quarter worth approximately $1,409,000.
China Yuchai International Company Profile
(
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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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