China Yuchai International (NYSE:CYD) Stock Price Up 5.6% - Here's Why

China Yuchai International Limited (NYSE:CYD - Get Free Report) was up 5.6% on Monday . The company traded as high as $24.19 and last traded at $24.12. Approximately 24,766 shares changed hands during trading, a decline of 91% from the average daily volume of 284,974 shares. The stock had previously closed at $22.84.

China Yuchai International Stock Up 3.3%

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 company's fifty day moving average price is $18.84 and its 200-day moving average price is $15.93. The stock has a market capitalization of $920.18 million, a PE ratio of 15.14 and a beta of 1.05.

China Yuchai International Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Monday, July 7th. Investors of record on Wednesday, June 25th will be given a dividend of $0.53 per share. This represents a yield of 4.3%. The ex-dividend date is Wednesday, June 25th. This is a positive change from China Yuchai International's previous annual dividend of $0.38. China Yuchai International's dividend payout ratio (DPR) is 32.72%.

Institutional Investors Weigh In On China Yuchai International

Several hedge funds have recently added to or reduced their stakes in CYD. Millennium Management LLC increased its holdings in shares of China Yuchai International by 42.2% during the fourth quarter. Millennium Management LLC now owns 47,263 shares of the company's stock valued at $450,000 after acquiring an additional 14,030 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in China Yuchai International during the 4th quarter valued at about $191,000. Ariose Capital Management Ltd bought a new stake in China Yuchai International during the 1st quarter valued at about $3,383,000. Pinpoint Asset Management Ltd purchased a new position in China Yuchai International in the first quarter worth about $3,382,000. Finally, Trexquant Investment LP purchased a new position in China Yuchai International in the first quarter worth about $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.