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China Yuchai International (NYSE:CYD) Shares Gap Up - Here's What Happened

China Yuchai International logo with Auto/Tires/Trucks background

China Yuchai International Limited (NYSE:CYD - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $17.16, but opened at $18.08. China Yuchai International shares last traded at $18.04, with a volume of 73,679 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CYD. Wall Street Zen lowered China Yuchai International from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Greenridge Global lowered shares of China Yuchai International from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 26th.

View Our Latest Analysis on China Yuchai International

China Yuchai International Stock Performance

The stock has a 50-day moving average of $16.14 and a 200 day moving average of $14.31. The firm has a market capitalization of $674.72 million, a P/E ratio of 11.10 and a beta of 0.95.

Hedge Funds Weigh In On China Yuchai International

Several large investors have recently bought and sold shares of CYD. Ariose Capital Management Ltd bought a new stake in shares of China Yuchai International in the 1st quarter valued at about $3,383,000. Pinpoint Asset Management Ltd acquired a new position in China Yuchai International during the first quarter valued at approximately $3,382,000. Jane Street Group LLC bought a new stake in China Yuchai International in the first quarter valued at approximately $1,409,000. Hhlr Advisors LTD. acquired a new stake in China Yuchai International in the first quarter worth $1,189,000. Finally, Millennium Management LLC raised its holdings in China Yuchai International by 42.2% in the fourth quarter. Millennium Management LLC now owns 47,263 shares of the company's stock worth $450,000 after purchasing an additional 14,030 shares during the period.

China Yuchai International Company Profile

(Get Free Report)

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.

Further Reading

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