What Will Happen to China Yuchai International Limited (CYD) Next? The Stock Just Reaches 52-Week High

October 12, 2017 - By Richard Conner

The stock of China Yuchai International Limited (NYSE:CYD) hit a new 52-week high and has $24.64 target or 9.00 % above today’s $22.61 share price. The 5 months bullish chart indicates low risk for the $880.50M company. The 1-year high was reported on Oct, 12 by Barchart.com. If the $24.64 price target is reached, the company will be worth $79.25 million 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.

About 14,219 shares traded. China Yuchai International Limited (NYSE:CYD) has risen 60.93% since October 12, 2016 and is uptrending. It has outperformed by 44.23% the S&P500.

More notable recent China Yuchai International Limited (NYSE:CYD) news were published by: Prnewswire.com which released: “China Yuchai Receives Top Export Quality And Safety Award” on September 15, 2017, also Prnewswire.com with their article: “HLGE Enters into Conditional Agreement to Sell Its China Hotel Properties” published on May 31, 2017, Prnewswire.com published: “China Yuchai Forms Joint Ventures to Penetrate European Off-Road Engine Market” on April 09, 2015. More interesting news about China Yuchai International Limited (NYSE:CYD) were released by: Prnewswire.com and their article: “China Yuchai International’s YC6K12 Diesel and YC6K13N LNG Engines Win Truck …” published on December 10, 2014 as well as Prnewswire.com‘s news article titled: “China Yuchai Introduces 10 New Engines for 2015” with publication date: January 27, 2015.

China Yuchai International Limited is a holding company. The company has market cap of $880.50 million. The Firm holds interest in Guangxi Yuchai Machinery Company Limited , which makes, assembles and sells diesel engines in the People’s Republic of China (the PRC). It has a 8.87 P/E ratio. It holds interest in HL Global Enterprises Limited (HLGE) and Thakral Corporation Ltd (TCL).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.