China Yuchai International (NYSE:CYD) Hits New 1-Year Low - Time to Sell?

Key Points

• China Yuchai International shares fell to a new 52-week low, reaching $21.80 and last trading near $22.19. The stock is well below its 50-day and 200-day moving averages of $31.97 and $42.84, respectively.
• Analyst opinions have become mixed, with several firms downgrading the stock to “Hold,” although the overall MarketBeat consensus remains “Buy” with an average price target of $60.
• Company insiders sold shares in August, with the CFO and a director each cutting their holdings by 50%, while several institutional investors increased their positions during recent reporting periods.

China Yuchai International Limited (NYSE:CYD - Get Free Report)'s stock price hit a new 52-week low on Monday. The stock traded as low as $21.80 and last traded at $22.1850, with a volume of 75,503 shares changing hands. The stock had previously closed at $22.45.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CYD. Wall Street Zen lowered shares of China Yuchai International from a "buy" rating to a "hold" rating in a research report on Saturday, September 26th. Weiss Ratings downgraded China Yuchai International from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, October 8th. Zacks Research downgraded China Yuchai International from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 25th. Greenridge Global raised shares of China Yuchai International from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 27th. Finally, Citigroup upgraded shares of China Yuchai International to a "buy" rating in a report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $60.00.

China Yuchai International Stock Performance

The business's 50-day simple moving average is $31.97 and its 200-day simple moving average is $42.84.

Insider Activity

In other news, CFO Loo Sen sold 13,200 shares of the company's stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $46.95, for a total value of $619,740.00. Following the transaction, the chief financial officer directly owned 13,200 shares in the company, valued at approximately $619,740. This represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Neo Kiat sold 8,000 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $45.69, for a total transaction of $365,520.00. Following the completion of the transaction, the director directly owned 8,000 shares of the company's stock, valued at approximately $365,520. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Institutional Investors Weigh In On China Yuchai International

Institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC raised its holdings in China Yuchai International by 23.4% during the first quarter. Renaissance Technologies LLC now owns 343,603 shares of the company's stock worth $13,229,000 after purchasing an additional 65,109 shares in the last quarter. Matthews International Capital Management LLC lifted its position in China Yuchai International by 423.7% in the first quarter. Matthews International Capital Management LLC now owns 324,034 shares of the company's stock valued at $12,475,000 after purchasing an additional 262,165 shares during the period. Dorsey Wright & Associates boosted its stake in shares of China Yuchai International by 41.6% in the first quarter. Dorsey Wright & Associates now owns 90,208 shares of the company's stock valued at $3,473,000 after buying an additional 26,482 shares in the last quarter. Diversify Wealth Management LLC grew its stake in shares of China Yuchai International by 41.2% during the 1st quarter. Diversify Wealth Management LLC now owns 76,412 shares of the company's stock worth $3,063,000 after purchasing an additional 22,305 shares during the period. Finally, Diversify Advisory Services LLC increased its holdings in China Yuchai International by 24.7% in the third quarter. Diversify Advisory Services LLC now owns 96,130 shares of the company's stock valued at $2,983,000 after buying an additional 19,017 shares in the last quarter.

China Yuchai International Company Profile

China Yuchai International Limited NYSE: CYD is a holding company whose principal operating subsidiary, Guangxi Yuchai Machinery Company Limited, manufactures and sells engines in China. The company is one of the country's established engine producers and serves commercial vehicle, transportation, construction, agricultural and marine equipment markets.

Its product portfolio includes diesel, natural-gas and other powertrain products used in trucks, buses, passenger vehicles, construction machinery, agricultural equipment, vessels and power-generation applications.

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