China Yuchai International (NYSE:CYD) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of China Yuchai International Limited (NYSE:CYD) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.02 and traded as high as $15.27. China Yuchai International shares last traded at $14.65, with a volume of 319,236 shares traded.

Analysts Set New Price Targets

CYD has been the topic of several research reports. StockNews.com downgraded China Yuchai International from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Greenridge Global lowered China Yuchai International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 26th.

China Yuchai International Price Performance

The business’s 50-day moving average is $17.79 and its 200 day moving average is $13.02. The firm has a market capitalization of $3.95 million, a P/E ratio of 9.04 and a beta of 0.92.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CYD. Thurston Springer Miller Herd & Titak Inc. grew its position in China Yuchai International by 299.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 13,615 shares of the company’s stock worth $130,000 after buying an additional 10,207 shares in the last quarter. Shah Capital Management lifted its position in shares of China Yuchai International by 3.0% during the 4th quarter. Shah Capital Management now owns 4,345,471 shares of the company’s stock valued at $41,412,000 after acquiring an additional 128,509 shares during the period. Verity Asset Management Inc. grew its holdings in shares of China Yuchai International by 19.5% during the 4th quarter. Verity Asset Management Inc. now owns 24,648 shares of the company’s stock worth $235,000 after purchasing an additional 4,029 shares in the last quarter. Millennium Management LLC increased its position in shares of China Yuchai International by 42.2% in the fourth quarter. Millennium Management LLC now owns 47,263 shares of the company’s stock worth $450,000 after purchasing an additional 14,030 shares during the period. Finally, Nomura Holdings Inc. acquired a new position in China Yuchai International in the fourth quarter valued at about $191,000.

About China Yuchai International

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.