China Yuchai International (NYSE:CYD) Reaches New 1-Year High - Here's What Happened

Key Points

• China Yuchai International shares reached a new 52-week high at $32.23 during trading, marking a notable increase from its previous close of $28.87.
• Wall Street Zen upgraded the stock's rating from "hold" to "strong-buy", indicating increased confidence in its performance.
• The company declared an annual dividend of $0.53 per share, reflecting a significant increase from last year's $0.38, which corresponds to a dividend yield of 430.0%.

China Yuchai International Limited (NYSE:CYD - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $32.23 and last traded at $31.93, with a volume of 73474 shares traded. The stock had previously closed at $28.87.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of China Yuchai International from a "hold" rating to a "strong-buy" rating in a report on Saturday.

China Yuchai International Price Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.20 and a current ratio of 1.55. The company's fifty day moving average price is $23.67 and its 200 day moving average price is $19.14. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 19.49 and a beta of 1.07.

China Yuchai International Increases Dividend

The business also recently declared an annual dividend, which was paid on Monday, July 7th. Stockholders of record on Wednesday, June 25th were given a dividend of $0.53 per share. This represents a dividend yield of 430.0%. The ex-dividend date was Wednesday, June 25th. This is a positive change from China Yuchai International's previous annual dividend of $0.38. China Yuchai International's payout ratio is currently 32.72%.

Institutional Trading of China Yuchai International

Several hedge funds have recently made changes to their positions in CYD. E Fund Management Co. Ltd. bought a new position in China Yuchai International during the 2nd quarter worth $206,000. BNP Paribas Financial Markets acquired a new position in shares of China Yuchai International during the second quarter valued at $1,109,000. Bank of America Corp DE acquired a new position in shares of China Yuchai International during the second quarter valued at $384,000. Lighthouse Investment Partners LLC bought a new position in shares of China Yuchai International during the second quarter worth about $4,307,000. Finally, Jump Financial LLC bought a new position in shares of China Yuchai International during the second quarter worth about $891,000.

China Yuchai International Company Profile

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.

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