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

Equities researchers at StockNews.com began coverage on shares of China Yuchai International (NYSE:CYD) in a research report issued on Thursday. The firm set a “buy” rating on the stock.

China Yuchai International Trading Up 2.5 %

Shares of China Yuchai International stock opened at $9.05 on Thursday. The stock’s fifty day moving average is $8.42 and its two-hundred day moving average is $8.51. The company has a quick ratio of 1.20, a current ratio of 1.59 and a debt-to-equity ratio of 0.06. 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

Several hedge funds have recently bought and sold shares of CYD. Verity Asset Management Inc. bought a new position in China Yuchai International in the 1st quarter valued at $175,000. Connor Clark & Lunn Investment Management Ltd. grew its position in China Yuchai International by 3.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 70,475 shares of the company’s stock valued at $712,000 after acquiring an additional 2,605 shares during the last quarter. Finally, Shah Capital Management grew its position in China Yuchai International by 0.4% in the 4th quarter. Shah Capital Management now owns 4,108,507 shares of the company’s stock valued at $34,429,000 after acquiring an additional 17,071 shares during 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.