China Yuchai International (NYSE:CYD) Shares Pass Above 200 Day Moving Average - What's Next?

Key Points

• China Yuchai International shares rose above their 200-day moving average on Thursday, trading as high as $44.10 and last changing hands near $43.99. The move came on volume of 315,035 shares.
• Analyst sentiment has turned more cautious, with Wall Street Zen and Zacks Research both cutting their ratings recently. The stock still carries a consensus rating of “Moderate Buy” and a target price of $60.00.
• Institutional investors have been making small adjustments to their holdings, including several firms increasing positions during recent quarters. China Yuchai is a major diesel engine manufacturer in China, serving trucks, buses, off-road equipment, marine propulsion, and power generation markets.

China Yuchai International Limited (NYSE:CYD - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $40.90 and traded as high as $44.10. China Yuchai International shares last traded at $43.9890, with a volume of 315,035 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have commented on CYD shares. Wall Street Zen cut China Yuchai International from a "strong-buy" rating to a "buy" rating in a research note on Saturday, February 28th. Zacks Research cut China Yuchai International from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, China Yuchai International currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.00.

China Yuchai International Stock Up 1.6%

The stock has a 50 day simple moving average of $41.74 and a 200 day simple moving average of $40.90.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Personal CFO Solutions LLC lifted its holdings in shares of China Yuchai International by 2.9% in the first quarter. Personal CFO Solutions LLC now owns 10,568 shares of the company's stock valued at $407,000 after purchasing an additional 293 shares in the last quarter. State of Wyoming grew its holdings in China Yuchai International by 9.8% during the fourth quarter. State of Wyoming now owns 4,956 shares of the company's stock valued at $176,000 after purchasing an additional 443 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in China Yuchai International during the third quarter valued at $28,000. AdvisorShares Investments LLC grew its holdings in China Yuchai International by 1.7% during the fourth quarter. AdvisorShares Investments LLC now owns 43,852 shares of the company's stock valued at $1,557,000 after purchasing an additional 752 shares during the period. Finally, Global Retirement Partners LLC purchased a new stake in shares of China Yuchai International during the third quarter worth $42,000.

About China Yuchai International

China Yuchai International Ltd. NYSE: CYD is a Cayman Islands–incorporated holding company with principal executive offices in Singapore. Through its subsidiaries, the company is a leading manufacturer and distributor of diesel engines in the People’s Republic of China. Its principal operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL), has been producing diesel engines since 1951 and ranks among the country’s largest heavy-duty engine makers.

The company’s core product portfolio includes high-speed and medium-speed diesel engines for on-highway trucks and buses, off-road vehicles such as construction and agricultural machinery, marine propulsion systems, and power generator sets.

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