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

Analysts at StockNews.com started coverage on shares of China Yuchai International (NYSE:CYD) in a research note issued on Wednesday. The firm set a “buy” rating on the stock.

China Yuchai International Price Performance

CYD opened at $8.46 on Wednesday. The business’s 50-day moving average price is $8.58 and its two-hundred day moving average price is $8.67. China Yuchai International has a 1 year low of $7.41 and a 1 year high of $12.50.

Institutional Trading of China Yuchai International

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

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