China Yuchai International (NYSE:CYD) Reaches New 12-Month High – Here’s What Happened

China Yuchai International Limited (NYSE:CYD)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $40.56 and last traded at $40.47, with a volume of 255583 shares traded. The stock had previously closed at $39.18.

Analyst Ratings Changes

A number of equities analysts recently commented on CYD shares. Wall Street Zen cut shares of China Yuchai International from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Zacks Research raised shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

China Yuchai International Stock Performance

The company’s 50-day moving average price is $28.84 and its 200 day moving average price is $22.04. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.20 and a current ratio of 1.55. The stock has a market capitalization of $1.52 billion, a PE ratio of 24.98 and a beta of 1.03.

Institutional Investors Weigh In On China Yuchai International

Institutional investors and hedge funds have recently modified their holdings of the stock. Ariose Capital Management Ltd purchased a new position in China Yuchai International during the 1st quarter valued at about $3,383,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in China Yuchai International during the 2nd quarter valued at about $4,759,000. Pinpoint Asset Management Ltd purchased a new position in China Yuchai International during the 1st quarter valued at about $3,382,000. Lighthouse Investment Partners LLC purchased a new position in China Yuchai International during the 2nd quarter valued at about $4,307,000. Finally, Jane Street Group LLC purchased a new position in China Yuchai International during the 1st quarter valued at about $1,409,000.

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.