Wall Street Zen Upgrades China Yuchai International (NYSE:CYD) to "Strong-Buy"

Key Points

• China Yuchai International has been upgraded from a "hold" rating to a "strong-buy" rating by Wall Street Zen, indicating increased confidence in the company's future performance.
• The company's market capitalization stands at $1.08 billion, with shares trading around $28.87, significantly higher than its 1-year low of $8.61.
• Recent activity from several hedge funds and institutional investors reflects growing interest, with multiple firms establishing new positions in the company during the past quarters.

China Yuchai International (NYSE:CYD - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Saturday.

China Yuchai International Price Performance

Shares of NYSE:CYD opened at $28.87 on Friday. China Yuchai International has a 1-year low of $8.61 and a 1-year high of $30.64. The firm has a market capitalization of $1.08 billion, a PE ratio of 17.82 and a beta of 1.07. The business's 50 day moving average is $23.67 and its 200-day moving average is $19.03. The company has a current ratio of 1.55, a quick ratio of 1.20 and a debt-to-equity ratio of 0.05.

Hedge Funds Weigh In On China Yuchai International

Several hedge funds and other institutional investors have recently modified their holdings of CYD. Quantbot Technologies LP bought a new position in shares of China Yuchai International during the 2nd quarter worth approximately $48,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of China Yuchai International during the 2nd quarter worth approximately $144,000. Nomura Holdings Inc. bought a new position in shares of China Yuchai International during the 4th quarter worth approximately $191,000. E Fund Management Co. Ltd. bought a new position in shares of China Yuchai International during the 2nd quarter worth approximately $206,000. Finally, Trexquant Investment LP bought a new position in shares of China Yuchai International during the 1st quarter worth approximately $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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