China Yuchai International (NYSE:CYD) Stock Passes Above 200-Day Moving Average – Here’s Why

China Yuchai International Limited (NYSE:CYD)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.79 and traded as high as $20.60. China Yuchai International shares last traded at $19.64, with a volume of 299,012 shares traded.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Greenridge Global cut China Yuchai International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 26th. StockNews.com downgraded shares of China Yuchai International from a “buy” rating to a “hold” rating in a report on Friday, February 28th.

China Yuchai International Trading Down 0.1 %

The firm’s 50 day simple moving average is $13.50 and its 200 day simple moving average is $11.79. The firm has a market cap of $5.30 million, a PE ratio of 12.12 and a beta of 0.91.

Hedge Funds Weigh In On China Yuchai International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nomura Holdings Inc. bought a new stake in China Yuchai International in the 4th quarter worth approximately $191,000. Millennium Management LLC increased its position in 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 last quarter. Verity Asset Management Inc. raised its stake in China Yuchai International by 19.5% during the fourth 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 in the last quarter. Shah Capital Management raised its stake in China Yuchai International by 3.0% during the fourth 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. Finally, Thurston Springer Miller Herd & Titak Inc. lifted 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 valued at $130,000 after purchasing an additional 10,207 shares during the last quarter.

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.