China Yuchai International (NYSE:CYD) Shares Gap Down – Here’s Why

China Yuchai International Limited (NYSE:CYD)’s stock price gapped down before the market opened on Tuesday. The stock had previously closed at $29.82, but opened at $28.14. China Yuchai International shares last traded at $28.2640, with a volume of 4,782 shares.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CYD shares. Zacks Research downgraded China Yuchai International from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 25th. Wall Street Zen lowered China Yuchai International from a “buy” rating to a “hold” rating in a research note on Saturday, September 26th. Citigroup raised China Yuchai International to a “buy” rating in a research report on Monday, July 27th. Greenridge Global raised China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Finally, Weiss Ratings downgraded China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, China Yuchai International currently has a consensus rating of “Buy” and a consensus price target of $60.00.

China Yuchai International Price Performance

The company’s fifty day moving average is $36.89 and its two-hundred day moving average is $43.47.

Insider Buying and Selling at China Yuchai International

In related news, Director Neo Kiat sold 8,000 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $45.69, for a total transaction of $365,520.00. Following the completion of the transaction, the director directly owned 8,000 shares in the company, valued at $365,520. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Loo Sen sold 13,200 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $46.95, for a total transaction of $619,740.00. Following the completion of the sale, the chief financial officer directly owned 13,200 shares in the company, valued at approximately $619,740. The trade was a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Hedge Funds Weigh In On China Yuchai International

Several institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its position in China Yuchai International by 23.4% in the 1st quarter. Renaissance Technologies LLC now owns 343,603 shares of the company’s stock worth $13,229,000 after purchasing an additional 65,109 shares in the last quarter. Matthews International Capital Management LLC increased its holdings in shares of China Yuchai International by 423.7% during the 1st quarter. Matthews International Capital Management LLC now owns 324,034 shares of the company’s stock valued at $12,475,000 after purchasing an additional 262,165 shares in the last quarter. Dorsey Wright & Associates increased its holdings in shares of China Yuchai International by 41.6% during the 1st quarter. Dorsey Wright & Associates now owns 90,208 shares of the company’s stock valued at $3,473,000 after purchasing an additional 26,482 shares in the last quarter. Diversify Wealth Management LLC increased its holdings in shares of China Yuchai International by 41.2% during the 1st quarter. Diversify Wealth Management LLC now owns 76,412 shares of the company’s stock valued at $3,063,000 after purchasing an additional 22,305 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in shares of China Yuchai International by 30.6% in the 1st quarter. Sei Investments Co. now owns 45,223 shares of the company’s stock valued at $1,741,000 after purchasing an additional 10,600 shares during the period.

About China Yuchai International

China Yuchai International Limited (NYSE: CYD) is a holding company whose principal operating subsidiary is Guangxi Yuchai Machinery Company Limited. Based in China, Yuchai develops, manufactures and sells a broad range of diesel and natural-gas engines for commercial vehicles, passenger vehicles, construction equipment, agricultural machinery, marine applications and power-generation systems.

The company also produces engine components and provides related services, including engine remanufacturing, maintenance and technical support.