China Yuchai International (NYSE:CYD) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

China Yuchai International Limited (NYSE:CYD) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $24.97 and traded as high as $38.46. China Yuchai International shares last traded at $36.55, with a volume of 281,193 shares changing hands.

Analyst Upgrades and Downgrades

CYD has been the topic of several research reports. Zacks Research lowered shares of China Yuchai International from a “strong-buy” rating to a “hold” rating in a research note on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of China Yuchai International in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised China Yuchai International from a “buy” rating to a “strong-buy” rating in a report on Friday, September 26th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

China Yuchai International Price Performance

The stock has a fifty day moving average price of $35.69 and a two-hundred day moving average price of $24.97. The company has a market cap of $1.37 billion, a P/E ratio of 22.56 and a beta of 1.12.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CYD. Ariose Capital Management Ltd acquired a new position in shares of China Yuchai International during the first quarter valued at $3,383,000. Pinpoint Asset Management Ltd bought a new position in China Yuchai International in the 1st quarter valued at about $3,382,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in China Yuchai International during the 2nd quarter valued at about $4,759,000. Lighthouse Investment Partners LLC bought a new stake in shares of China Yuchai International during the 2nd quarter worth about $4,307,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of China Yuchai International by 70.3% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 135,881 shares of the company’s stock worth $3,249,000 after buying an additional 56,085 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.