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

Shares of China Yuchai International Limited (NYSE:CYD) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $49.93 and last traded at $48.2850, with a volume of 62334 shares trading hands. The stock had previously closed at $46.05.

Analyst Ratings Changes

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

China Yuchai International Trading Down 1.1%

The business’s fifty day moving average is $39.60 and its two-hundred day moving average is $35.99.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Personal CFO Solutions LLC raised its position in shares of China Yuchai International by 5.3% in the 4th quarter. Personal CFO Solutions LLC now owns 10,275 shares of the company’s stock worth $365,000 after acquiring an additional 513 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in China Yuchai International during the third quarter valued at about $28,000. Global Retirement Partners LLC purchased a new position in China Yuchai International in the third quarter valued at about $42,000. Burns Matteson Capital Management LLC raised its holdings in China Yuchai International by 12.0% in the fourth quarter. Burns Matteson Capital Management LLC now owns 10,544 shares of the company’s stock worth $374,000 after purchasing an additional 1,128 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of China Yuchai International during the third quarter valued at about $66,000.

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.