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

China Yuchai International Limited (NYSE:CYD) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.66 and traded as high as $11.03. China Yuchai International shares last traded at $10.91, with a volume of 23,487 shares.

Analyst Ratings Changes

Separately, StockNews.com lowered China Yuchai International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 12th.

China Yuchai International Stock Up 1.9 %

The company’s 50 day moving average is $10.02 and its 200 day moving average is $10.66.

Institutional Trading of China Yuchai International

Several institutional investors and hedge funds have recently modified their holdings of CYD. Connor Clark & Lunn Investment Management Ltd. raised its position in China Yuchai International by 2.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,891 shares of the company’s stock valued at $1,102,000 after purchasing an additional 1,842 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in China Yuchai International in the third quarter worth about $43,000. Verity Asset Management Inc. increased its position in China Yuchai International by 19.5% during the 4th quarter. Verity Asset Management Inc. now owns 24,648 shares of the company’s stock valued at $235,000 after purchasing an additional 4,029 shares during the period. Finally, Shah Capital Management raised its holdings in shares of China Yuchai International by 3.0% in the 4th quarter. Shah Capital Management now owns 4,345,471 shares of the company’s stock valued at $41,412,000 after purchasing an additional 128,509 shares in the last quarter.

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.