StockNews.com Initiates Coverage on China Yuchai International (NYSE:CYD)

Equities researchers at StockNews.com started coverage on shares of China Yuchai International (NYSE:CYD) in a research report issued to clients and investors on Thursday. The firm set a “buy” rating on the stock.

China Yuchai International Price Performance

Shares of NYSE:CYD opened at $9.05 on Thursday. China Yuchai International has a 1-year low of $7.83 and a 1-year high of $12.50. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.59 and a quick ratio of 1.20. The business has a 50-day moving average price of $8.42 and a two-hundred day moving average price of $8.51.

Hedge Funds Weigh In On China Yuchai International

Several institutional investors have recently modified their holdings of CYD. Verity Asset Management Inc. acquired a new position in shares of China Yuchai International during the 1st quarter worth about $175,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of China Yuchai International by 3.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 70,475 shares of the company’s stock valued at $712,000 after purchasing an additional 2,605 shares during the period. Finally, Shah Capital Management boosted its position in China Yuchai International by 0.4% during the 4th quarter. Shah Capital Management now owns 4,108,507 shares of the company’s stock worth $34,429,000 after acquiring an additional 17,071 shares during the last quarter.

China Yuchai International Company Profile

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.