China Yuchai International's (CYD) "Hold (C)" Rating Reiterated at Weiss Ratings

Key Points

• China Yuchai International's stock rating was reiterated as "hold (C)" by Weiss Ratings, amidst varying opinions from other brokerages.
• The company's shares increased by 6.1%, reaching a price of $37.23, showcasing significant trading activity.
• Recently, several hedge funds acquired new stakes in China Yuchai International, indicating growing interest from institutional investors.

China Yuchai International (NYSE:CYD - Get Free Report)'s stock had its "hold (c)" rating reissued by research analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Several other brokerages have also recently weighed in on CYD. Zacks Research cut shares of China Yuchai International from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 13th. Wall Street Zen upgraded shares of China Yuchai International from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 26th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold".

China Yuchai International Trading Up 6.1%

Shares of CYD traded up $2.13 during mid-day trading on Friday, hitting $37.23. The company's stock had a trading volume of 265,427 shares, compared to its average volume of 307,195. The company's 50-day moving average is $36.36 and its 200-day moving average is $25.75. China Yuchai International has a 52-week low of $8.61 and a 52-week high of $42.60. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 22.98 and a beta of 1.12.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC acquired a new position in China Yuchai International during the 3rd quarter valued at approximately $42,000. Quantbot Technologies LP acquired a new stake in shares of China Yuchai International in the second quarter worth $48,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of China Yuchai International in the second quarter worth $144,000. E Fund Management Co. Ltd. acquired a new stake in shares of China Yuchai International in the second quarter worth $206,000. Finally, Trexquant Investment LP acquired a new stake in shares of China Yuchai International in the first quarter worth $258,000.

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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