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

StockNews.com assumed coverage on shares of China Yuchai International (NYSE:CYD) in a research note published on Wednesday morning. The brokerage issued a buy rating on the stock.

China Yuchai International Price Performance

Shares of NYSE CYD opened at $8.69 on Wednesday. The business has a 50-day moving average price of $8.38 and a 200 day moving average price of $8.52. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.59 and a quick ratio of 1.20. China Yuchai International has a 52-week low of $7.83 and a 52-week high of $12.50.

Hedge Funds Weigh In On China Yuchai International

A number of institutional investors have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. grew 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 worth $712,000 after purchasing an additional 2,605 shares during the last quarter. Shah Capital Management grew its holdings in shares of China Yuchai International by 0.4% during the fourth quarter. Shah Capital Management now owns 4,108,507 shares of the company’s stock worth $34,429,000 after buying an additional 17,071 shares during the last quarter. Finally, Verity Asset Management Inc. purchased a new position in shares of China Yuchai International during the first quarter worth about $175,000.

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.