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China Yuchai International (NYSE:CYD) Share Price Passes Above 200 Day Moving Average - Should You Sell?

China Yuchai International logo with Auto/Tires/Trucks background

Key Points

  • China Yuchai International's stock price has recently surpassed its 200-day moving average of $18.05, reaching a high of $22.95 during trading.
  • The company has announced an increase in its annual dividend from $0.38 to $0.53 per share, resulting in a significant dividend yield of 430.0%.
  • Institutional investors have shown increased interest, with several acquiring new stakes in the company during the first quarter of the year.
  • Want stock alerts on China Yuchai International? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

China Yuchai International Limited (NYSE:CYD - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

China Yuchai International Stock Up 14.1%

The firm has a 50-day moving average of $22.17 and a two-hundred day moving average of $18.22. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 18.11 and a beta of 1.07. The company has a current ratio of 1.55, a quick ratio of 1.20 and a debt-to-equity ratio of 0.05.

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. This is a positive change from China Yuchai International's previous annual dividend of $0.38. This represents a dividend yield of 430.0%. The ex-dividend date of this dividend was Wednesday, June 25th. China Yuchai International's dividend payout ratio (DPR) is currently 32.72%.

Institutional Investors Weigh In On China Yuchai International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC boosted its holdings in China Yuchai International by 42.2% in the 4th 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 during the period. Nomura Holdings Inc. acquired a new position in shares of China Yuchai International during the fourth quarter valued at about $191,000. Ariose Capital Management Ltd bought a new stake in shares of China Yuchai International in the first quarter valued at about $3,383,000. Pinpoint Asset Management Ltd acquired a new stake in China Yuchai International during the first quarter worth about $3,382,000. Finally, Trexquant Investment LP bought a new position in China Yuchai International during the first quarter valued at about $258,000.

About China Yuchai International

(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.

See Also

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