China Yuchai International (NYSE:CYD) Shares Down 7% - Here's What Happened

Key Points

• China Yuchai International's shares fell 7%, trading as low as $38.84 on Thursday, reflecting a significant decline in trading volume.
• Analysts report mixed ratings for the stock, with Wall Street Zen lowering it from "strong-buy" to "buy", while Zacks upgraded it from "hold" to "strong-buy".
• The company has a market capitalization of $1.48 billion, with a P/E ratio of 24.39, indicating its financial positioning in the market.

China Yuchai International Limited (NYSE:CYD - Get Free Report) dropped 7% on Thursday . The stock traded as low as $38.84 and last traded at $38.15. Approximately 120,384 shares changed hands during trading, a decline of 57% from the average daily volume of 277,481 shares. The stock had previously closed at $41.01.

Analysts Set New Price Targets

CYD has been the subject of several research reports. Wall Street Zen lowered 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 research report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy".

China Yuchai International Stock Performance

The company has a 50-day simple moving average of $29.18 and a two-hundred day simple moving average of $22.17. 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 firm has a market capitalization of $1.48 billion, a P/E ratio of 24.39 and a beta of 1.03.

Institutional Trading of China Yuchai International

Several large investors have recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in shares of China Yuchai International in the 2nd quarter worth approximately $48,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in China Yuchai International during the 2nd quarter valued at $144,000. Nomura Holdings Inc. purchased a new stake in China Yuchai International during the 4th quarter valued at $191,000. E Fund Management Co. Ltd. purchased a new stake in China Yuchai International during the 2nd quarter valued at $206,000. Finally, Trexquant Investment LP purchased a new stake in shares of China Yuchai International in the 1st quarter worth $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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