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

China Yuchai International logo with Auto/Tires/Trucks background

China Yuchai International Limited (NYSE:CYD - Get Free Report) was down 5.7% during mid-day trading on Tuesday . The stock traded as low as $22.98 and last traded at $23.30. Approximately 187,752 shares traded hands during mid-day trading, an increase of 9% from the average daily volume of 172,504 shares. The stock had previously closed at $24.71.

China Yuchai International Stock Performance

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 business has a 50 day moving average price of $21.27 and a 200 day moving average price of $17.57. The stock has a market cap of $874.03 million, a P/E ratio of 14.38 and a beta of 1.05.

China Yuchai International Increases Dividend

The firm also recently announced an annual dividend, which was paid on Monday, July 7th. Stockholders of record on Wednesday, June 25th were given a dividend of $0.53 per share. This represents a dividend yield of 4.3%. This is an increase from China Yuchai International's previous annual dividend of $0.38. The ex-dividend date of this dividend was Wednesday, June 25th. China Yuchai International's dividend payout ratio (DPR) is 32.72%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of China Yuchai International in the 2nd quarter worth $144,000. Nomura Holdings Inc. purchased a new stake in China Yuchai International in the fourth quarter worth about $191,000. Trexquant Investment LP purchased a new position in China Yuchai International during the first quarter valued at approximately $258,000. Public Employees Retirement System of Ohio boosted its position in China Yuchai International by 136.0% during the second quarter. Public Employees Retirement System of Ohio now owns 16,609 shares of the company's stock valued at $397,000 after purchasing an additional 9,572 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in China Yuchai International in the first quarter worth about $422,000.

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.

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