China Yuchai International (NYSE:CYD) Stock Crosses Above 200 Day Moving Average - Here's Why

Key Points

• China Yuchai International's stock has recently surpassed its 200-day moving average, trading at $33.30 with a high of $35.20.
• Wall Street analysts have upgraded the stock's rating from "hold" to "strong-buy," indicating positive sentiment around its performance.
• The company increased its annual dividend to $0.53, reflecting a dividend yield of 430.0%, which is a rise from the previous dividend of $0.38.

Shares of China Yuchai International Limited (NYSE:CYD - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.35 and traded as high as $35.20. China Yuchai International shares last traded at $33.30, with a volume of 242,180 shares trading hands.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CYD. 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. Wall Street Zen lowered shares of China Yuchai International from a "strong-buy" rating to a "buy" rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy".

China Yuchai International Stock Performance

The stock has a market capitalization of $1.46 billion, a P/E ratio of 24.03 and a beta of 1.03. The company's 50-day moving average is $28.21 and its two-hundred day moving average is $21.76. The company has a current ratio of 1.55, a quick ratio of 1.20 and a debt-to-equity ratio of 0.05.

Institutional Trading of China Yuchai International

A number of hedge funds and other institutional investors have recently made changes to their positions in CYD. Ariose Capital Management Ltd purchased a new position in shares of China Yuchai International in the first quarter worth approximately $3,383,000. Millennium Management LLC grew its position in China Yuchai International by 42.2% during the fourth quarter. Millennium Management LLC now owns 47,263 shares of the company's stock valued at $450,000 after purchasing an additional 14,030 shares in the last quarter. Pinpoint Asset Management Ltd purchased a new position in China Yuchai International during the first quarter valued at approximately $3,382,000. Hhlr Advisors LTD. purchased a new position in China Yuchai International during the first quarter valued at approximately $1,189,000. Finally, Nomura Holdings Inc. purchased a new position in China Yuchai International during the fourth quarter valued at approximately $191,000.

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.