China Yuchai International (NYSE:CYD) Shares Gap Down – What’s Next?

China Yuchai International Limited (NYSE:CYD)’s share price gapped down prior to trading on Monday . The stock had previously closed at $46.29, but opened at $43.99. China Yuchai International shares last traded at $46.2950, with a volume of 10,121 shares.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CYD shares. Wall Street Zen raised China Yuchai International from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Zacks Research raised China Yuchai International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Finally, Weiss Ratings downgraded China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, China Yuchai International presently has a consensus rating of “Buy” and a consensus target price of $60.00.

China Yuchai International Stock Up 1.2%

The business’s fifty day simple moving average is $49.88 and its two-hundred day simple moving average is $45.49.

China Yuchai International Increases Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, July 28th. Investors of record on Friday, July 17th will be paid a $0.87 dividend. The ex-dividend date is Friday, July 17th. This is a boost from China Yuchai International’s previous annual dividend of $0.53. This represents a dividend yield of 201.0%.

Hedge Funds Weigh In On China Yuchai International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in shares of China Yuchai International in the 2nd quarter worth approximately $48,000. Public Employees Retirement Association of Colorado bought a new stake in shares of China Yuchai International during the fourth quarter valued at approximately $50,000. Advisory Services Network LLC acquired a new position in shares of China Yuchai International in the third quarter valued at $66,000. Deutsche Bank AG acquired a new position in shares of China Yuchai International in the fourth quarter valued at $67,000. Finally, Blue Trust Inc. bought a new position in China Yuchai International in the first quarter worth $69,000.

About China Yuchai International

China Yuchai International Ltd. (NYSE: CYD) is a Cayman Islands–incorporated holding company with principal executive offices in Singapore. Through its subsidiaries, the company is a leading manufacturer and distributor of diesel engines in the People’s Republic of China. Its principal operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL), has been producing diesel engines since 1951 and ranks among the country’s largest heavy-duty engine makers.

The company’s core product portfolio includes high-speed and medium-speed diesel engines for on-highway trucks and buses, off-road vehicles such as construction and agricultural machinery, marine propulsion systems, and power generator sets.