China Yuchai International (NYSE:CYD) Hits New 52-Week Low - Here's Why

Key Points

• China Yuchai International fell to a new 52-week low, trading as low as $28.03 versus its previous close of $32.19. The stock remains below its 50-day and 200-day moving averages of $38.84 and $43.87, respectively.
• Analyst sentiment is mixed but remains broadly positive, with a consensus “Buy” rating and a $60 target price. Recent actions included upgrades to Buy or Strong Buy alongside several downgrades to Hold.
• Two company insiders, including the CFO and a director, each sold half of their holdings in August, while several institutional investors increased their positions during the first quarter.

China Yuchai International Limited (NYSE:CYD - Get Free Report)'s share price hit a new 52-week low on Thursday. The company traded as low as $28.03 and last traded at $28.1450, with a volume of 631937 shares changing hands. The stock had previously closed at $32.19.

Wall Street Analyst Weigh In

CYD has been the subject of a number of research analyst reports. 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. Zacks Research downgraded China Yuchai International from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 25th. Wall Street Zen downgraded China Yuchai International from a "buy" rating to a "hold" rating in a research report on Saturday, September 26th. Weiss Ratings lowered China Yuchai International from a "buy (b-)" rating to a "hold (c)" rating in a research note on Tuesday, September 8th. Finally, Citigroup raised 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 issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $60.00.

China Yuchai International Stock Performance

The firm has a 50 day simple moving average of $38.84 and a 200-day simple moving average of $43.87.

Insiders Place Their Bets

In other news, Director Neo Kiat sold 8,000 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $45.69, for a total transaction of $365,520.00. Following the sale, the director owned 8,000 shares in the company, valued at approximately $365,520. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Loo Sen sold 13,200 shares of the firm's stock in a transaction 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 completion of the sale, the chief financial officer owned 13,200 shares of the company's stock, valued at approximately $619,740. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

Hedge Funds Weigh In On China Yuchai International

Institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC grew its holdings in China Yuchai International by 23.4% during the 1st quarter. Renaissance Technologies LLC now owns 343,603 shares of the company's stock worth $13,229,000 after acquiring an additional 65,109 shares during the period. Matthews International Capital Management LLC boosted its position in shares of China Yuchai International by 423.7% in the 1st quarter. Matthews International Capital Management LLC now owns 324,034 shares of the company's stock worth $12,475,000 after purchasing an additional 262,165 shares during the last quarter. Dorsey Wright & Associates boosted its position in shares of China Yuchai International by 41.6% in the 1st quarter. Dorsey Wright & Associates now owns 90,208 shares of the company's stock worth $3,473,000 after purchasing an additional 26,482 shares during the last quarter. Diversify Wealth Management LLC boosted its position in shares of China Yuchai International by 41.2% in 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 last quarter. Finally, Sei Investments Co. grew its position in shares of China Yuchai International by 30.6% during the 1st quarter. Sei Investments Co. now owns 45,223 shares of the company's stock worth $1,741,000 after buying an additional 10,600 shares during the period.

China Yuchai International Company Profile

China Yuchai International Limited NYSE: CYD is a holding company whose principal operating subsidiary is Guangxi Yuchai Machinery Company Limited. Based in China, Yuchai develops, manufactures and sells a broad range of diesel and natural-gas engines for commercial vehicles, passenger vehicles, construction equipment, agricultural machinery, marine applications and power-generation systems.

The company also produces engine components and provides related services, including engine remanufacturing, maintenance and technical support.

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