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

Research analysts at StockNews.com began coverage on shares of China Yuchai International (NYSE:CYD – Get Rating) in a research note issued on Friday. The brokerage set a “hold” rating on the stock.

Separately, Greenridge Global decreased their price objective on shares of China Yuchai International from $23.00 to $17.00 in a report on Friday, February 25th.

Shares of CYD stock opened at $9.61 on Friday. The firm’s 50 day moving average price is $10.30 and its 200-day moving average price is $11.76. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.01 and a current ratio of 1.42. China Yuchai International has a one year low of $8.70 and a one year high of $19.59.

Several hedge funds have recently modified their holdings of the company. Royal Bank of Canada lifted its holdings in shares of China Yuchai International by 1,245.3% in the 1st quarter. Royal Bank of Canada now owns 3,000 shares of the company’s stock worth $35,000 after acquiring an additional 2,777 shares during the last quarter. Corton Capital Inc. acquired a new stake in China Yuchai International during the 4th quarter worth approximately $310,000. DGS Capital Management LLC acquired a new stake in China Yuchai International during the 4th quarter worth approximately $356,000. Unison Advisors LLC lifted its holdings in China Yuchai International by 12.4% during the 4th quarter. Unison Advisors LLC now owns 18,970 shares of the company’s stock worth $283,000 after buying an additional 2,100 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in China Yuchai International by 340.7% during the 4th quarter. Signaturefd LLC now owns 5,742 shares of the company’s stock worth $86,000 after buying an additional 4,439 shares in the last quarter. Hedge funds and other institutional investors own 21.00% of the company’s stock.

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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