StockNews.com Downgrades China Yuchai International (NYSE:CYD) to Buy

China Yuchai International (NYSE:CYD) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday.

China Yuchai International Stock Performance

Shares of NYSE:CYD opened at $9.11 on Tuesday. China Yuchai International has a 12-month low of $7.85 and a 12-month high of $13.05. The business has a 50 day moving average of $11.86 and a 200-day moving average of $10.17.

Institutional Investors Weigh In On China Yuchai International

A number of hedge funds and other institutional investors have recently made changes to their positions in CYD. Shah Capital Management raised its position in shares of China Yuchai International by 2.1% in the first quarter. Shah Capital Management now owns 4,192,772 shares of the company’s stock valued at $35,764,000 after buying an additional 84,265 shares in the last quarter. Verity Asset Management Inc. acquired a new stake in shares of China Yuchai International in the first quarter valued at approximately $175,000. Brandes Investment Partners LP raised its position in shares of China Yuchai International by 4.2% in the second quarter. Brandes Investment Partners LP now owns 1,293,521 shares of the company’s stock valued at $11,771,000 after buying an additional 51,953 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of China Yuchai International in the third quarter valued at approximately $43,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in China Yuchai International by 2.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,891 shares of the company’s stock valued at $1,102,000 after purchasing an additional 1,842 shares in the last quarter.

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.