China Yuchai International (NYSE:CYD) Reaches New 52-Week High - Still a 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%.

China Yuchai International Limited (NYSE:CYD - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $37.49 and last traded at $37.17, with a volume of 436898 shares traded. The stock had previously closed at $35.17.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CYD shares. Wall Street Zen raised China Yuchai International from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 16th. Zacks Research raised China Yuchai International from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy".

China Yuchai International Trading Up 5.7%

The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 22.95 and a beta of 1.03. The business has a fifty day moving average price of $27.65 and a 200 day moving average price of $21.55. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.55 and a quick ratio of 1.20.

China Yuchai International Increases Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CYD. Quantbot Technologies LP acquired a new position in shares of China Yuchai International during the second quarter worth approximately $48,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of China Yuchai International in the second quarter valued at $144,000. Nomura Holdings Inc. acquired a new position in shares of China Yuchai International in the fourth quarter valued at $191,000. E Fund Management Co. Ltd. acquired a new position in shares of China Yuchai International in the second quarter valued at $206,000. Finally, Trexquant Investment LP acquired a new position in shares of China Yuchai International in the first quarter valued at $258,000.

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.

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