China Yuchai International (NYSE:CYD) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of China Yuchai International (NYSE:CYD) in a report released on Wednesday. The firm set a “buy” rating on the stock.

China Yuchai International Stock Up 0.9 %

Shares of CYD stock opened at $8.46 on Wednesday. China Yuchai International has a 12 month low of $7.41 and a 12 month high of $12.50. The company has a 50 day simple moving average of $8.58 and a two-hundred day simple moving average of $8.67.

Institutional Trading of China Yuchai International

An institutional investor recently raised its position in China Yuchai International stock. Shah Capital Management lifted its position in China Yuchai International Limited (NYSE:CYD) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,108,507 shares of the company’s stock after purchasing an additional 17,071 shares during the period. China Yuchai International comprises 8.8% of Shah Capital Management’s portfolio, making the stock its 5th largest holding. Shah Capital Management owned approximately 10.06% of China Yuchai International worth $34,429,000 at the end of the most recent reporting period.

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, and agriculture applications in the People's Republic of China and internationally. It operates through two segments, Yuchai and HLGE.