China Yuchai International (NYSE:CYD) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

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 $12.31 and traded as high as $22.44. China Yuchai International shares last traded at $21.20, with a volume of 523,313 shares traded.

Analyst Ratings Changes

Several equities research analysts have issued reports on CYD shares. Greenridge Global downgraded shares of China Yuchai International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 26th. StockNews.com downgraded shares of China Yuchai International from a “buy” rating to a “hold” rating in a research report on Friday, February 28th.

China Yuchai International Stock Down 5.9 %

The company’s fifty day moving average price is $15.16 and its 200 day moving average price is $12.31. The company has a market capitalization of $5.72 million, a P/E ratio of 13.09 and a beta of 0.91.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Shah Capital Management increased its stake in China Yuchai International by 3.0% in the fourth 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 last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in China Yuchai International by 2.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,891 shares of the company’s stock valued at $1,102,000 after acquiring an additional 1,842 shares during the last quarter. Millennium Management LLC grew its stake 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 last quarter. Verity Asset Management Inc. grew its stake in shares of China Yuchai International by 19.5% during the fourth quarter. Verity Asset Management Inc. now owns 24,648 shares of the company’s stock worth $235,000 after buying an additional 4,029 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new stake in shares of China Yuchai International during the fourth quarter worth $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.