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

China Yuchai International Limited (NYSE:CYD)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $47.85 and last traded at $46.6250, with a volume of 58597 shares changing hands. The stock had previously closed at $44.13.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Zacks Research downgraded China Yuchai International from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Wall Street Zen upgraded shares of China Yuchai International from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 16th. UBS Group initiated coverage on shares of China Yuchai International in a research report on Tuesday, January 6th. They set a “buy” rating and a $60.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of China Yuchai International in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, China Yuchai International currently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

China Yuchai International Stock Up 9.7%

The business has a 50 day simple moving average of $37.68 and a 200 day simple moving average of $34.89.

Institutional Trading of China Yuchai International

Large investors have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. purchased a new stake in China Yuchai International in the third quarter valued at $28,000. Global Retirement Partners LLC purchased a new position in shares of China Yuchai International during the third quarter worth approximately $42,000. Quantbot Technologies LP purchased a new position in shares of China Yuchai International in the 2nd quarter valued at approximately $48,000. Advisory Services Network LLC purchased a new position in shares of China Yuchai International during the 3rd quarter worth approximately $66,000. Finally, Assetmark Inc. lifted its position in shares of China Yuchai International by 12,312.5% during the 4th quarter. Assetmark Inc. now owns 1,986 shares of the company’s stock valued at $71,000 after acquiring an additional 1,970 shares during the period.

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.