Wall Street Zen upgraded shares of China Yuchai International (NYSE:CYD - Free Report) from a hold rating to a strong-buy rating in a report issued on Saturday.
China Yuchai International Stock Performance
NYSE:CYD traded up $0.1580 during mid-day trading on Friday, reaching $30.4580. 212,348 shares of the company's stock were exchanged, compared to its average volume of 274,357. China Yuchai International has a one year low of $8.61 and a one year high of $32.24. The firm has a market capitalization of $1.14 billion, a PE ratio of 18.80 and a beta of 1.07. The business's fifty day simple moving average is $24.35 and its two-hundred day simple moving average is $19.43. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.20 and a current ratio of 1.55.
China Yuchai International Increases Dividend
The firm also recently declared an annual dividend, which was paid on Monday, July 7th. Investors of record on Wednesday, June 25th were given a dividend of $0.53 per share. This is a positive change from China Yuchai International's previous annual dividend of $0.38. This represents a yield of 430.0%. The ex-dividend date of this dividend was Wednesday, June 25th. China Yuchai International's payout ratio is 32.72%.
Hedge Funds Weigh In On China Yuchai International
A number of hedge funds have recently bought and sold shares of the business. Millennium Management LLC increased 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 buying an additional 14,030 shares during the period. Nomura Holdings Inc. bought a new position in China Yuchai International in the 4th quarter valued at about $191,000. Ariose Capital Management Ltd bought a new position in China Yuchai International in the 1st quarter valued at about $3,383,000. Pinpoint Asset Management Ltd bought a new position in China Yuchai International in the 1st quarter valued at about $3,382,000. Finally, Trexquant Investment LP bought a new position in China Yuchai International in the 1st quarter valued at about $258,000.
About China Yuchai International
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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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