China Yuchai International (NYSE:CYD) Shares Gap Down - Here's Why

Key Points

• China Yuchai International shares experienced a significant drop, opening at $29.91 after closing the previous day at $34.95.
• Wall Street analysts show mixed sentiment, with one upgrading the stock to a "strong-buy" while others downgraded it to a "hold" rating, reflecting differing outlooks on its performance.
• The company has a market cap of $1.25 billion and a P/E ratio of 20.53, indicating its performance metrics in the current market environment.

China Yuchai International Limited (NYSE:CYD - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $34.95, but opened at $29.91. China Yuchai International shares last traded at $29.86, with a volume of 192,724 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CYD shares. Wall Street Zen upgraded China Yuchai International from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 26th. Zacks Research downgraded China Yuchai International from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 13th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of China Yuchai International in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, China Yuchai International presently has an average rating of "Hold".

China Yuchai International Stock Performance

The firm's fifty day moving average price is $35.81 and its 200 day moving average price is $25.21. The firm has a market cap of $1.25 billion, a P/E ratio of 20.53 and a beta of 1.12.

Institutional Trading of China Yuchai International

Several hedge funds have recently modified their holdings of CYD. Ariose Capital Management Ltd bought a new position in shares of China Yuchai International during the 1st quarter worth approximately $3,383,000. Hhlr Advisors LTD. purchased a new stake in China Yuchai International in the first quarter valued at about $1,189,000. Pinpoint Asset Management Ltd acquired a new stake in China Yuchai International in the first quarter worth about $3,382,000. Goldman Sachs Group Inc. acquired a new position in China Yuchai International during the 1st quarter valued at approximately $422,000. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of China Yuchai International by 136.0% during the second quarter. Public Employees Retirement System of Ohio now owns 16,609 shares of the company's stock valued at $397,000 after buying an additional 9,572 shares during 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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