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

China Yuchai International Limited (NYSE:CYD)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CYD shares. StockNews.com lowered shares of China Yuchai International from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Greenridge Global lowered shares of China Yuchai International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 26th.

China Yuchai International Price Performance

The firm has a market cap of $5.72 million, a price-to-earnings ratio of 13.09 and a beta of 0.91. The firm’s fifty day moving average is $15.16 and its 200-day moving average is $12.31.

Hedge Funds Weigh In On China Yuchai International

Several hedge funds and other institutional investors have recently bought and sold shares of CYD. Shah Capital Management lifted its holdings 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 buying an additional 128,509 shares during the period. Nomura Holdings Inc. bought a new stake in China Yuchai International in the fourth quarter valued at $191,000. Millennium Management LLC increased its stake in China Yuchai International by 42.2% in the fourth quarter. Millennium Management LLC now owns 47,263 shares of the company’s stock valued at $450,000 after purchasing an additional 14,030 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in China Yuchai International by 299.5% in 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 in the last quarter. Finally, Verity Asset Management Inc. increased its stake in China Yuchai International by 19.5% in 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.

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.