China Yuchai International (NYSE:CYD) Stock Price Passes Above 200 Day Moving Average – What’s Next?

China Yuchai International Limited (NYSE:CYD)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.40 and traded as high as $18.43. China Yuchai International shares last traded at $17.45, with a volume of 222,871 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. StockNews.com cut China Yuchai International from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Greenridge Global cut China Yuchai International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 26th.

China Yuchai International Stock Up 1.2%

The firm has a market cap of $654.69 million, a P/E ratio of 10.77 and a beta of 0.91. The firm has a fifty day moving average of $17.05 and a 200-day moving average of $13.40.

Hedge Funds Weigh In On China Yuchai International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Verity Asset Management Inc. boosted its holdings 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 worth $235,000 after buying an additional 4,029 shares during the last quarter. Shah Capital Management boosted 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 buying an additional 128,509 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted 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 buying an additional 10,207 shares during the last quarter. Pinpoint Asset Management Ltd bought a new position in shares of China Yuchai International during the 1st quarter valued at about $3,382,000. Finally, Ariose Capital Management Ltd bought a new position in shares of China Yuchai International during the 1st quarter valued at about $3,383,000.

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.