Shares of China Yuchai International Limited (NYSE:CYD - Get Free Report) gapped up before the market opened 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.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. Greenridge Global downgraded China Yuchai International from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Wall Street Zen cut shares of China Yuchai International from a "buy" rating to a "hold" rating in a research note on Friday, February 28th.
Check Out Our Latest Research Report on CYD
China Yuchai International Stock Performance
The firm has a market cap of $688.98 million, a P/E ratio of 11.36 and a beta of 0.95. The company has a 50-day moving average of $16.13 and a 200 day moving average of $14.21.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of CYD. Millennium Management LLC raised its stake in shares of China Yuchai International by 42.2% in the fourth quarter. Millennium Management LLC now owns 47,263 shares of the company's stock valued at $450,000 after acquiring an additional 14,030 shares during the last quarter. Nomura Holdings Inc. bought a new position in shares of China Yuchai International in the fourth quarter valued at approximately $191,000. Ariose Capital Management Ltd bought a new position in shares of China Yuchai International in the first quarter valued at approximately $3,383,000. Pinpoint Asset Management Ltd bought a new position in shares of China Yuchai International in the first quarter valued at approximately $3,382,000. Finally, Trexquant Investment LP bought a new position in shares of China Yuchai International in the first quarter valued at approximately $258,000.
About China Yuchai International
(
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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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