Why China Yuchai International (CYD) Stock Is Gaining Today

NEW YORK (TheStreet) -- Shares of China Yuchai International Limited (CYD) are higher by 6.39% to $21.97 after the company announced net earnings and revenue increased for the 2014 first quarter.

The manufacturer and distributor of engines for on and off-road applications in China reported net earnings were $29.3 million, or 78 cents per share, compared to $27.7 million, or 74 cents per share from the 2013 first quarter.

Revenue increased to $739.7 million for the most recent quarter versus $613.1 million from the year ago period.

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TheStreet Ratings team rates CHINA YUCHAI INTERNATIONAL as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate CHINA YUCHAI INTERNATIONAL (CYD) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, attractive valuation levels and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins."

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