China Yuchai International (NYSE:CYD) Downgraded to “Buy” Rating by StockNews.com

StockNews.com downgraded shares of China Yuchai International (NYSE:CYD) from a strong-buy rating to a buy rating in a research note released on Tuesday.

China Yuchai International Trading Down 5.4 %

NYSE CYD opened at $9.37 on Tuesday. The stock has a 50-day simple moving average of $11.90 and a two-hundred day simple moving average of $10.16. China Yuchai International has a fifty-two week low of $7.85 and a fifty-two week high of $13.05.

Hedge Funds Weigh In On China Yuchai International

A number of institutional investors have recently modified their holdings of CYD. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of China Yuchai International during the 3rd quarter valued at about $43,000. Verity Asset Management Inc. purchased a new position in shares of China Yuchai International in the 1st quarter valued at about $175,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of China Yuchai International by 2.2% in the 3rd 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. Brandes Investment Partners LP increased its stake in shares of China Yuchai International by 4.2% in the 2nd quarter. Brandes Investment Partners LP now owns 1,293,521 shares of the company’s stock valued at $11,771,000 after purchasing an additional 51,953 shares in the last quarter. Finally, Shah Capital Management increased its stake in shares of China Yuchai International by 2.1% in the 1st quarter. Shah Capital Management now owns 4,192,772 shares of the company’s stock valued at $35,764,000 after purchasing an additional 84,265 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.