The stock of China Yuchai International Limited (NYSE:CYD) hit a new 52-week high and has $13.61 target or 9.00% above today’s $12.49 share price. The 5 months bullish chart indicates low risk for the $531.77 million company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $13.61 price target is reached, the company will be worth $47.86M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock last traded at $12.49 per share. It is down 21.26% since April 28, 2016 and is uptrending. It has outperformed by 15.34% the S&P500.
Analysts await China Yuchai International Limited (NYSE:CYD) to report earnings on February, 22.
According to Zacks Investment Research, “China Yuchai International Ltd is involved in the Automotive Industry. They manufacture medium-duty diesel engines in China. They also produce diesel power generators and diesel engine parts. The Company primarily manufactures and sells diesel engines for medium-duty trucks in China.”
More notable recent China Yuchai International Limited (NYSE:CYD) news were published by: Quotes.Wsj.com which released: “News China Yuchai International Ltd.CYD” on February 11, 2011, also Seekingalpha.com with their article: “China Yuchai International (CYD) on Q2 2016 Results – Earnings Call Transcript” published on August 11, 2016, Prnewswire.com published: “China Yuchai Delivers China’s First Gas-electric Hybrid System for the Truck …” on August 29, 2016. More interesting news about China Yuchai International Limited (NYSE:CYD) were released by: Prnewswire.com and their article: “China Yuchai International Announces Management Change” published on May 31, 2016 as well as Prnewswire.com‘s news article titled: “China Yuchai International’s LNG Engine Powers the “Fuel Efficient Heavy-Duty …” with publication date: January 23, 2015.
CYD Company Profile
China Yuchai International Limited, incorporated on April 29, 1993, is a holding company. The Firm holds interest in Guangxi Yuchai Machinery Company Limited (Yuchai), which makes, assembles and sells diesel engines in the People’s Republic of China (the PRC). In addition, the Company holds interest in HL Global Enterprises Limited (HLGE) and Thakral Corporation Ltd (TCL). The Firm operates through two divisions: Yuchai and HLGE. The TCL group invests in real estate and other investment opportunities, which include property-backed financial instruments and in direct property. TCL is engaged in the distribution of lifestyle products, including beauty and health, and enviro-care products in China (including Hong Kong), Southeast Asia and India.
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