Wall Street Zen Upgrades China Yuchai International (NYSE:CYD) to “Strong-Buy”

China Yuchai International (NYSE:CYD) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Sunday.

A number of other equities research analysts have also recently weighed in on the company. Zacks Research cut China Yuchai International from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of China Yuchai International in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

China Yuchai International Trading Down 1.2%

CYD opened at $36.39 on Friday. China Yuchai International has a one year low of $8.61 and a one year high of $42.60. The business’s 50 day moving average price is $38.07 and its 200 day moving average price is $28.33.

Institutional Trading of China Yuchai International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of China Yuchai International in the third quarter valued at $28,000. Global Retirement Partners LLC purchased a new stake in shares of China Yuchai International during the 3rd quarter valued at about $42,000. Quantbot Technologies LP acquired a new position in shares of China Yuchai International during the second quarter worth $48,000. China Universal Asset Management Co. Ltd. purchased a new position in China Yuchai International in the 3rd quarter valued at about $83,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of China Yuchai International in the second quarter worth about $144,000.

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, construction, agriculture, and generator set applications in the People’s Republic of China and internationally.