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

Stock analysts at StockNews.com started coverage on shares of China Yuchai International (NYSE:CYD) in a note issued to investors on Friday. The firm set a “buy” rating on the stock.

China Yuchai International Stock Down 0.7 %

Shares of CYD stock opened at $9.10 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.59. The firm’s 50 day moving average is $8.53 and its 200 day moving average is $8.53. China Yuchai International has a 12 month low of $7.83 and a 12 month high of $12.50.

Hedge Funds Weigh In On China Yuchai International

Institutional investors have recently made changes to their positions in the stock. Verity Asset Management Inc. bought a new position in shares of China Yuchai International in the 1st quarter worth $175,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in China Yuchai International by 3.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 70,475 shares of the company’s stock valued at $712,000 after buying an additional 2,605 shares during the period. Finally, Shah Capital Management lifted its position in shares of China Yuchai International by 0.4% in the 4th quarter. Shah Capital Management now owns 4,108,507 shares of the company’s stock worth $34,429,000 after purchasing an additional 17,071 shares during the period.

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.