China Yuchai International (NYSE:CYD) Share Price Crosses Above 200-Day Moving Average – Here’s Why

China Yuchai International Limited (NYSE:CYD) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.95 and traded as high as $17.00. China Yuchai International shares last traded at $16.85, with a volume of 138,213 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CYD. Greenridge Global downgraded shares of China Yuchai International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 26th. StockNews.com cut 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 Up 3.7 %

The firm has a market capitalization of $4.55 million, a P/E ratio of 10.40 and a beta of 0.92. The business’s 50 day moving average is $17.45 and its two-hundred day moving average is $12.95.

Institutional Trading of China Yuchai International

A number of institutional investors have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. raised its holdings 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 worth $130,000 after purchasing an additional 10,207 shares in the last quarter. Nomura Holdings Inc. bought a new stake in shares of China Yuchai International in the 4th quarter worth $191,000. Verity Asset Management Inc. lifted its holdings in shares of 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 buying an additional 4,029 shares during the period. Millennium Management LLC boosted its stake in China Yuchai International by 42.2% during the fourth quarter. Millennium Management LLC now owns 47,263 shares of the company’s stock valued at $450,000 after buying an additional 14,030 shares in the last quarter. Finally, Shah Capital Management grew its holdings 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 worth $41,412,000 after acquiring an additional 128,509 shares during the period.

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.