China Yuchai International (NYSE:CYD) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

China Yuchai International Limited (NYSE:CYD) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.85 and traded as high as $22.23. China Yuchai International shares last traded at $21.64, with a volume of 84,813 shares trading hands.

Wall Street Analyst Weigh In

CYD has been the subject of several research analyst reports. Wall Street Zen downgraded shares of 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 Stock Down 2.1%

The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.20 and a current ratio of 1.55. The firm has a market capitalization of $811.93 million, a P/E ratio of 13.36 and a beta of 0.95. The stock has a fifty day moving average price of $16.94 and a two-hundred day moving average price of $14.85.

China Yuchai International Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Monday, July 7th. Investors of record on Wednesday, June 25th will be paid a dividend of $0.53 per share. This is a positive change from China Yuchai International’s previous annual dividend of $0.38. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a yield of 4.3%. China Yuchai International’s dividend payout ratio is 23.46%.

Institutional Trading of China Yuchai International

A number of institutional investors and hedge funds have recently made changes to their positions in CYD. Nomura Holdings Inc. bought a new stake in China Yuchai International in the 4th quarter valued at about $191,000. Trexquant Investment LP bought a new stake in shares of China Yuchai International during the first quarter valued at approximately $258,000. Goldman Sachs Group Inc. acquired a new position in shares of China Yuchai International during the first quarter worth approximately $422,000. Millennium Management LLC boosted its position 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 worth $450,000 after buying an additional 14,030 shares during the period. Finally, Hhlr Advisors LTD. bought a new position in China Yuchai International in the 1st quarter worth approximately $1,189,000.

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.