China Yuchai International (NYSE:CYD) Trading Down 7.1% – Should You Sell?

China Yuchai International Limited (NYSE:CYD) dropped 7.1% on Wednesday . The company traded as low as $50.15 and last traded at $49.6650. Approximately 100,550 shares were traded during trading, a decline of 47% from the average daily volume of 188,370 shares. The stock had previously closed at $53.45.

Analysts Set New Price Targets

CYD has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of China Yuchai International from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings cut shares of China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Finally, Zacks Research raised shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Two equities research analysts have 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” and an average target price of $60.00.

China Yuchai International Trading Down 0.1%

The business’s 50-day moving average price is $47.84 and its two-hundred day moving average price is $43.94.

Institutional Investors Weigh In On China Yuchai International

Institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado bought a new stake in China Yuchai International in the 4th quarter valued at $50,000. Advisory Services Network LLC bought a new stake in China Yuchai International in the 3rd quarter valued at $66,000. Blue Trust Inc. bought a new stake in China Yuchai International in the 1st quarter valued at $69,000. Deutsche Bank AG bought a new stake in China Yuchai International in the 4th quarter valued at $67,000. Finally, Assetmark Inc. lifted its position in China Yuchai International by 12,312.5% in 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 in 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.