China Yuchai International (NYSE:CYD) Share Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• China Yuchai International's share price recently crossed above its 200-day moving average, indicating positive momentum as it traded at $23.30 compared to the average of $17.52.
• The company has increased its annual dividend to $0.53 per share, resulting in a dividend yield of 4.3%, up from a previous $0.38.
• Significant activity in institutional trading saw large investors acquiring new stakes, with notable acquisitions from E Fund Management and Goldman Sachs Group.

China Yuchai International Limited (NYSE:CYD - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.52 and traded as high as $23.88. China Yuchai International shares last traded at $23.30, with a volume of 132,021 shares.

China Yuchai International Stock Up 1.8%

The firm has a market capitalization of $883.60 million, a price-to-earnings ratio of 14.47 and a beta of 1.05. The business has a 50 day simple moving average of $21.38 and a 200-day simple moving average of $17.71. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.20 and a current ratio of 1.55.

China Yuchai International Increases Dividend

The business also recently announced an annual dividend, which was paid on Monday, July 7th. Shareholders of record on Wednesday, June 25th were paid a $0.53 dividend. The ex-dividend date of this dividend was Wednesday, June 25th. This is an increase from China Yuchai International's previous annual dividend of $0.38. This represents a dividend yield of 4.3%. China Yuchai International's dividend payout ratio (DPR) is 32.72%.

Institutional Trading of China Yuchai International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of China Yuchai International in the 2nd quarter worth $144,000. Public Employees Retirement System of Ohio increased its stake in shares of China Yuchai International by 136.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 16,609 shares of the company's stock worth $397,000 after acquiring an additional 9,572 shares during the last quarter. Millennium Management LLC increased its stake in shares of China Yuchai International by 42.2% in the 4th quarter. Millennium Management LLC now owns 47,263 shares of the company's stock worth $450,000 after acquiring an additional 14,030 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of China Yuchai International during the 1st quarter worth about $258,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of China Yuchai International during the 4th quarter worth about $191,000.

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.