China Yuchai International (NYSE:CYD) Shares Gap Up – Time to Buy?

China Yuchai International Limited (NYSE:CYD) gapped up before the market opened on Monday . The stock had previously closed at $42.78, but opened at $45.74. China Yuchai International shares last traded at $45.2150, with a volume of 101,216 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CYD shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of China Yuchai International in a report on Monday, December 22nd. UBS Group started coverage on China Yuchai International in a report on Tuesday, January 6th. They set a “buy” rating and a $60.00 price objective on the stock. Wall Street Zen downgraded China Yuchai International from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 28th. Finally, Zacks Research raised China Yuchai International from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, China Yuchai International has an average rating of “Buy” and an average price target of $60.00.

China Yuchai International Stock Down 5.6%

The business’s 50 day moving average price is $44.69 and its 200-day moving average price is $40.51.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd raised its position in China Yuchai International by 391.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,899 shares of the company’s stock worth $103,000 after purchasing an additional 2,309 shares during the last quarter. Dorsey Wright & Associates raised its position in China Yuchai International by 6.9% in the 4th quarter. Dorsey Wright & Associates now owns 63,726 shares of the company’s stock worth $2,262,000 after purchasing an additional 4,134 shares during the last quarter. XTX Topco Ltd bought a new position in China Yuchai International in the 4th quarter worth approximately $315,000. Voloridge Investment Management LLC bought a new position in China Yuchai International in the 4th quarter worth approximately $959,000. Finally, Tudor Investment Corp ET AL raised its position in China Yuchai International by 25.3% in the 4th quarter. Tudor Investment Corp ET AL now owns 193,555 shares of the company’s stock worth $6,871,000 after purchasing an additional 39,130 shares during the last quarter.

About China Yuchai International

China Yuchai International Ltd. (NYSE: CYD) is a Cayman Islands–incorporated holding company with principal executive offices in Singapore. Through its subsidiaries, the company is a leading manufacturer and distributor of diesel engines in the People’s Republic of China. Its principal operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL), has been producing diesel engines since 1951 and ranks among the country’s largest heavy-duty engine makers.

The company’s core product portfolio includes high-speed and medium-speed diesel engines for on-highway trucks and buses, off-road vehicles such as construction and agricultural machinery, marine propulsion systems, and power generator sets.