China Yuchai International (NYSE:CYD) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

China Yuchai International Limited (NYSE:CYD) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.02 and traded as high as $11.87. China Yuchai International shares last traded at $11.63, with a volume of 9,874 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of China Yuchai International in a report on Friday, August 16th. They issued a “strong-buy” rating for the company.

China Yuchai International Stock Down 0.7 %

The business’s fifty day moving average is $11.92 and its two-hundred day moving average is $10.02. The stock has a market capitalization of $3.14 million, a PE ratio of 8.25 and a beta of 1.06.

China Yuchai International Increases Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, August 28th. Investors of record on Monday, August 19th were issued a $0.38 dividend. The ex-dividend date was Monday, August 19th. This is a positive change from China Yuchai International’s previous annual dividend of $0.28. This represents a dividend yield of 4.1%. China Yuchai International’s dividend payout ratio (DPR) is 26.95%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CYD. Thurston Springer Miller Herd & Titak Inc. purchased a new position in China Yuchai International during the third quarter worth $43,000. Verity Asset Management Inc. purchased a new position in China Yuchai International during the first quarter worth $175,000. Brandes Investment Partners LP boosted its stake in China Yuchai International by 4.2% during the second quarter. Brandes Investment Partners LP now owns 1,293,521 shares of the company’s stock worth $11,771,000 after buying an additional 51,953 shares during the period. Finally, Shah Capital Management boosted its stake in China Yuchai International by 2.1% during the first quarter. Shah Capital Management now owns 4,192,772 shares of the company’s stock worth $35,764,000 after buying an additional 84,265 shares during the period.

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.