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

StockNews.com started coverage on shares of China Yuchai International (NYSE:CYD) in a report issued on Wednesday. The firm issued a buy rating on the stock.

China Yuchai International Stock Performance

China Yuchai International stock opened at $8.35 on Wednesday. The company’s fifty day simple moving average is $8.57 and its 200-day simple moving average is $8.66. China Yuchai International has a 12 month low of $7.45 and a 12 month high of $12.50.

Hedge Funds Weigh In On China Yuchai International

A hedge fund recently raised its stake in China Yuchai International stock. Connor Clark & Lunn Investment Management Ltd. increased its holdings in China Yuchai International Limited (NYSE:CYD) by 3.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,475 shares of the company’s stock after purchasing an additional 2,605 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in China Yuchai International were worth $712,000 at the end of the most recent reporting period.

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, and agriculture applications in the People's Republic of China and internationally. It operates through two segments, Yuchai and HLGE.