StockNews.com Initiates Coverage on China Yuchai International (NYSE:CYD)

StockNews.com began coverage on shares of China Yuchai International (NYSE:CYD – Get Rating) in a report issued on Sunday. The firm set a “hold” rating on the stock.

Several other equities research analysts have also commented on CYD. Greenridge Global decreased their price objective on shares of China Yuchai International from $23.00 to $17.00 in a research report on Friday, February 25th. Zacks Investment Research upgraded shares of China Yuchai International from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 27th.

NYSE:CYD opened at $10.60 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.42 and a debt-to-equity ratio of 0.01. China Yuchai International has a fifty-two week low of $8.70 and a fifty-two week high of $19.59. The firm’s fifty day simple moving average is $10.79 and its 200-day simple moving average is $12.00.

A number of large investors have recently modified their holdings of CYD. Morgan Stanley grew its position in shares of China Yuchai International by 72.8% during the first quarter. Morgan Stanley now owns 14,028 shares of the company’s stock worth $217,000 after buying an additional 5,910 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in China Yuchai International by 30.9% during the third quarter. Oppenheimer & Co. Inc. now owns 15,050 shares of the company’s stock worth $205,000 after purchasing an additional 3,555 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in China Yuchai International by 27.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 101,173 shares of the company’s stock worth $1,375,000 after purchasing an additional 21,652 shares during the last quarter. MARSHALL WACE ASIA Ltd bought a new position in China Yuchai International during the third quarter worth $159,000. Finally, Bramshill Investments LLC lifted its stake in China Yuchai International by 10.1% during the third quarter. Bramshill Investments LLC now owns 60,831 shares of the company’s stock worth $827,000 after purchasing an additional 5,599 shares during the last quarter. 21.00% of the stock is owned by institutional investors.

China Yuchai International Company Profile (Get Rating)

China Yuchai International Limited, through its subsidiaries, manufactures, assembles, and sells diesel and natural gas engines for trucks, buses and passenger vehicles, marine, industrial, and agriculture applications in the People's Republic of China and internationally. It operates through two segments, Yuchai and HLGE.

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