China Yuchai International (NYSE:CYD) Rating Lowered to “Hold” at Greenridge Global

China Yuchai International (NYSE:CYD) was downgraded by stock analysts at Greenridge Global from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Separately, StockNews.com cut shares of China Yuchai International from a “buy” rating to a “hold” rating in a research report on Friday.

China Yuchai International Stock Up 3.8 %

NYSE:CYD opened at $21.39 on Wednesday. The firm’s 50 day moving average is $12.11 and its two-hundred day moving average is $11.33. The company has a market cap of $5.77 million, a P/E ratio of 13.20 and a beta of 1.02. China Yuchai International has a fifty-two week low of $7.95 and a fifty-two week high of $26.10.

Institutional Investors Weigh In On China Yuchai International

Several hedge funds have recently bought and sold shares of the business. Nomura Holdings Inc. purchased a new position in China Yuchai International in the fourth quarter valued at about $191,000. Millennium Management LLC boosted its holdings in China Yuchai International by 42.2% in the fourth quarter. Millennium Management LLC now owns 47,263 shares of the company’s stock worth $450,000 after purchasing an additional 14,030 shares in the last quarter. Verity Asset Management Inc. boosted its stake in shares of China Yuchai International by 19.5% during the 4th quarter. Verity Asset Management Inc. now owns 24,648 shares of the company’s stock worth $235,000 after acquiring an additional 4,029 shares in the last quarter. Shah Capital Management raised its stake in shares of China Yuchai International by 3.0% in the 4th quarter. Shah Capital Management now owns 4,345,471 shares of the company’s stock valued at $41,412,000 after acquiring an additional 128,509 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of China Yuchai International by 299.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 13,615 shares of the company’s stock worth $130,000 after buying an additional 10,207 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.