China Yuchai International (NYSE:CYD) Reaches New 1-Year High - Time to Buy?

Key Points

• China Yuchai International's stock has reached a new 52-week high, trading at $32.80 after previously closing at $31.27, with a notable trading volume of 170,814 shares.
• Analysts, including Zacks Research, have upgraded the stock's rating to "strong buy," indicating positive growth expectations, with a consensus rating of "buy" across analysts.
• The company has increased its annual dividend to $0.53 per share, marking a significant yield of 430.0% and reflecting a positive trend compared to the previous annual dividend of $0.38.

China Yuchai International Limited (NYSE:CYD - Get Free Report)'s share price reached a new 52-week high on Monday . The stock traded as high as $33.20 and last traded at $32.80, with a volume of 170814 shares changing hands. The stock had previously closed at $31.27.

Wall Street Analysts Forecast Growth

CYD has been the topic of several research analyst reports. Zacks Research raised shares of China Yuchai International from a "hold" rating to a "strong-buy" rating in a report on Friday, August 15th. Wall Street Zen upgraded shares of China Yuchai International from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy".

China Yuchai International Stock Performance

The stock's 50-day simple moving average is $24.76 and its 200-day simple moving average is $19.84. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 19.65 and a beta of 1.07. The company has a current ratio of 1.55, a quick ratio of 1.20 and a debt-to-equity ratio of 0.05.

China Yuchai International Increases Dividend

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

Institutional Trading of China Yuchai International

Several large investors have recently made changes to their positions in the company. Ariose Capital Management Ltd bought a new position in China Yuchai International in the 1st quarter valued at approximately $3,383,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in China Yuchai International in the 2nd quarter valued at approximately $4,759,000. Pinpoint Asset Management Ltd bought a new position in China Yuchai International in the 1st quarter valued at approximately $3,382,000. Lighthouse Investment Partners LLC bought a new position in China Yuchai International in the 2nd quarter valued at approximately $4,307,000. Finally, Jane Street Group LLC bought a new position in China Yuchai International in the 1st quarter valued at approximately $1,409,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.