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

China Yuchai International logo with Auto/Tires/Trucks background

China Yuchai International Limited (NYSE:CYD - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.05 and traded as high as $22.95. China Yuchai International shares last traded at $22.63, with a volume of 108,764 shares changing hands.

China Yuchai International Stock Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 1.55 and a quick ratio of 1.20. The firm's 50-day moving average price is $21.92 and its 200-day moving average price is $18.14. The stock has a market cap of $849.19 million, a P/E ratio of 13.97 and a beta of 1.07.

China Yuchai International Increases Dividend

The company also recently announced an annual dividend, which was paid on Monday, July 7th. Investors of record on Wednesday, June 25th were given a $0.53 dividend. This is an increase from China Yuchai International's previous annual dividend of $0.38. This represents a dividend yield of 430.0%. The ex-dividend date was Wednesday, June 25th. China Yuchai International's dividend payout ratio (DPR) is presently 32.72%.

Hedge Funds Weigh In On China Yuchai International

Several institutional investors have recently added to or reduced their stakes in CYD. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of China Yuchai International during the 2nd quarter valued at approximately $144,000. Nomura Holdings Inc. bought a new position in China Yuchai International during the fourth quarter valued at $191,000. Trexquant Investment LP purchased a new position in shares of China Yuchai International in the 1st quarter worth $258,000. Public Employees Retirement System of Ohio raised its position in shares of China Yuchai International by 136.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 16,609 shares of the company's stock valued at $397,000 after buying an additional 9,572 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in China Yuchai International in the first quarter worth about $422,000.

China Yuchai International Company Profile

(Get Free Report)

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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