China Yuchai International (NYSE:CYD) Trading Down 5.7% - Time to Sell?

Key Points

• China Yuchai International's shares fell by 5.7% during trading, reaching a low of $22.23, as the stock saw a significant decline in trading volume.
• The company increased its annual dividend to $0.53 per share, which equates to a yield of 4.3%, up from the previous $0.38.
• Institutional investors made notable moves, with E Fund Management acquiring a new stake valued at $144,000 and other firms increasing their holdings significantly during the second quarter.

China Yuchai International Limited (NYSE:CYD - Get Free Report) shares were down 5.7% during mid-day trading on Wednesday . The stock traded as low as $22.23 and last traded at $22.08. Approximately 40,518 shares traded hands during trading, a decline of 85% from the average daily volume of 273,067 shares. The stock had previously closed at $23.42.

China Yuchai International Stock Down 2.3%

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 firm has a fifty day moving average of $21.81 and a 200-day moving average of $17.95. The firm has a market cap of $835.57 million, a P/E ratio of 13.75 and a beta of 1.08.

China Yuchai International Increases Dividend

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

Institutional Trading of China Yuchai International

A number of hedge funds have recently made changes to their positions in CYD. Millennium Management LLC lifted its position in shares of China Yuchai International by 42.2% in the fourth quarter. Millennium Management LLC now owns 47,263 shares of the company's stock valued at $450,000 after buying an additional 14,030 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of China Yuchai International in the fourth quarter valued at approximately $191,000. Ariose Capital Management Ltd acquired a new stake in shares of China Yuchai International in the first quarter valued at approximately $3,383,000. Pinpoint Asset Management Ltd acquired a new position in shares of China Yuchai International in the first quarter valued at approximately $3,382,000. Finally, Trexquant Investment LP acquired a new position in shares of China Yuchai International in the first quarter valued at approximately $258,000.

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.