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

StockNews.com started coverage on shares of China Yuchai International (NYSE:CYD – Get Rating) in a research report released on Tuesday. The brokerage issued a hold rating on the stock.

Separately, Greenridge Global reissued a buy rating on shares of China Yuchai International in a research note on Tuesday, February 28th.

China Yuchai International Stock Performance

China Yuchai International stock opened at $8.10 on Tuesday. The firm has a 50 day simple moving average of $7.63 and a 200-day simple moving average of $7.90. China Yuchai International has a 1-year low of $6.73 and a 1-year high of $11.08. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.52 and a quick ratio of 1.08.

Institutional Trading of China Yuchai International

Several hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in shares of China Yuchai International by 293.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,397 shares of the company’s stock worth $25,000 after acquiring an additional 2,534 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of China Yuchai International by 1,245.3% in the 1st quarter. Royal Bank of Canada now owns 3,000 shares of the company’s stock worth $35,000 after acquiring an additional 2,777 shares during the last quarter. Credit Suisse AG acquired a new position in shares of China Yuchai International in the 2nd quarter worth approximately $45,000. Shell Asset Management Co. lifted its holdings in shares of China Yuchai International by 36.8% in the 3rd quarter. Shell Asset Management Co. now owns 14,383 shares of the company’s stock worth $105,000 after acquiring an additional 3,869 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of China Yuchai International in the 2nd quarter worth approximately $119,000. Hedge funds and other institutional investors own 19.69% of the company’s stock.

About China Yuchai International

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China Yuchai International Ltd. is a holding company, which engages in the manufacture, assembly, and sale of light, medium, and heavy-duty engines for trucks, buses, passenger vehicles, construction equipment, marine, and agriculture applications. It operates through the following segments: Yuchai, HL Global Enterprises Limited (HLGE), and Corporate.