China Yuchai International (NYSE:CYD) Reaches New 12-Month High - Should You Buy?

Key Points

• China Yuchai International's stock reached a new 52-week high at $37.49, indicating strong market performance with significant trading volume.
• Equity research analysts have upgraded the company's rating from "hold" to "strong-buy," reflecting positive investor sentiment.
• The company has announced an increase in its annual dividend to $0.53 per share, resulting in a notable dividend yield of 430.0%.

Shares of China Yuchai International Limited (NYSE:CYD - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $37.49 and last traded at $37.17, with a volume of 436898 shares changing hands. The stock had previously closed at $35.17.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wall Street Zen downgraded shares of China Yuchai International from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Zacks Research raised shares of China Yuchai International from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy".

China Yuchai International Price Performance

The company's fifty day moving average is $28.51 and its 200 day moving average is $21.91. The company has a quick ratio of 1.20, a current ratio of 1.55 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.48 billion, a PE ratio of 24.40 and a beta of 1.03.

Institutional Trading of China Yuchai International

A number of hedge funds have recently made changes to their positions in the company. E Fund Management Co. Ltd. purchased a new stake in shares of China Yuchai International during the second quarter valued at approximately $206,000. BNP Paribas Financial Markets purchased a new stake in shares of China Yuchai International during the second quarter valued at approximately $1,109,000. Bank of America Corp DE purchased a new stake in shares of China Yuchai International during the second quarter valued at approximately $384,000. Lighthouse Investment Partners LLC purchased a new stake in shares of China Yuchai International during the second quarter valued at approximately $4,307,000. Finally, Jump Financial LLC purchased a new stake in shares of China Yuchai International during the second quarter valued at approximately $891,000.

About China Yuchai International

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.