China Yuchai International (NYSE:CYD) Cut to “Hold” at Zacks Research

Zacks Research cut shares of China Yuchai International (NYSE:CYD) from a strong-buy rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

Several other equities analysts also recently commented on the stock. Wall Street Zen raised shares of China Yuchai International from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of China Yuchai International in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

China Yuchai International Price Performance

China Yuchai International stock opened at $38.21 on Monday. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 23.59 and a beta of 1.12. China Yuchai International has a one year low of $8.61 and a one year high of $42.60. The company’s fifty day moving average price is $35.47 and its two-hundred day moving average price is $24.84.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Ariose Capital Management Ltd acquired a new position in shares of China Yuchai International in the first quarter valued at $3,383,000. Hhlr Advisors LTD. acquired a new position in shares of China Yuchai International in the first quarter valued at $1,189,000. Pinpoint Asset Management Ltd acquired a new position in shares of China Yuchai International in the first quarter valued at $3,382,000. Goldman Sachs Group Inc. acquired a new position in shares of China Yuchai International in the first quarter valued at $422,000. Finally, Public Employees Retirement System of Ohio raised its stake in shares of China Yuchai International by 136.0% in the second quarter. Public Employees Retirement System of Ohio now owns 16,609 shares of the company’s stock valued at $397,000 after purchasing an additional 9,572 shares in the last quarter.

About China Yuchai International

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.