China Yuchai International (NYSE:CYD) Trading Up 6.8% - Time to Buy?

China Yuchai International Limited (NYSE:CYD - Get Free Report)'s stock price shot up 6.8% during mid-day trading on Monday . The company traded as high as $19.06 and last traded at $19.15. 32,747 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 147,697 shares. The stock had previously closed at $17.93.

Analysts Set New Price Targets

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

China Yuchai International Stock Up 10.4%

The company has a market cap of $793.13 million, a PE ratio of 13.05 and a beta of 0.95. The stock has a 50-day simple moving average of $16.36 and a 200 day simple moving average of $14.48.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Ariose Capital Management Ltd acquired a new position in shares of China Yuchai International during the 1st quarter worth about $3,383,000. Pinpoint Asset Management Ltd acquired a new position in shares of China Yuchai International during the 1st quarter worth about $3,382,000. Jane Street Group LLC acquired a new position in shares of China Yuchai International during the 1st quarter worth about $1,409,000. Hhlr Advisors LTD. acquired a new position in shares of China Yuchai International during the 1st quarter worth about $1,189,000. Finally, Millennium Management LLC boosted its position in shares of China Yuchai International by 42.2% in the 4th quarter. Millennium Management LLC now owns 47,263 shares of the company's stock valued at $450,000 after purchasing an additional 14,030 shares during the period.

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.