Zacks Investment Research Lowers Weichai Power (OTCMKTS:WEICY) to Sell

Weichai Power (OTCMKTS:WEICYGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday, reports.

According to Zacks, “Weichai Power Co., Ltd. is engaged in research and development, manufacturing and sales of diesel engines. Its products are applicable to different markets, including heavy-duty vehicles, coaches, construction machines, vessels and power generator. Its product includes Bus diesel engine, Truck diesel engine, Generating diesel engine, Marine diesel engine, Engineering diesel engine and Agricultural diesel engine. The company also sells heavy-duty trucks, gearboxes, engine parts and other truck parts, such as spark plugs, axles, chassis and air-conditioner compressors. In addition, it engages in trading lubricant oil products and automotive components. Weichai Power Co., Ltd. is headquartered in Weifang, the People’s Republic of China. “

WEICY stock traded down $0.01 during midday trading on Wednesday, hitting $11.48. The company’s stock had a trading volume of 17,311 shares, compared to its average volume of 47,558. The stock’s 50-day moving average price is $11.54 and its 200 day moving average price is $13.56. Weichai Power has a 1 year low of $9.79 and a 1 year high of $20.68.

About Weichai Power (Get Rating)

Weichai Power Co, Ltd. manufactures and sells diesel engines, automobiles, and other automobile components in China and internationally. It operates through Engines, Automobiles and Automobile Components, and Intelligent Logistics segments. The company provides design, development, production, sale, repair, and import and export of engines and auxiliary products, automobile axles and components, and gearboxes and components; hydraulic pumps and motors; hydraulic valves; gears and gear transmission devices; ancillary casting and casting products of hydraulic components; internal combustion engines, energy powertrain systems and ancillary products; technical consultation and technical services; leasing of self-owned houses; steel; business management services; forklift trucks; and warehousing technology and supply chain solution services.

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