China Yuchai International (NYSE:CYD) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

China Yuchai International Limited (NYSE:CYD)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $43.74 and traded as high as $58.68. China Yuchai International shares last traded at $53.4470, with a volume of 197,176 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CYD shares. Zacks Research upgraded China Yuchai International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Weiss Ratings downgraded China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Finally, Wall Street Zen downgraded China Yuchai International from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $60.00.

China Yuchai International Stock Down 5.5%

The business’s fifty day simple moving average is $47.42 and its 200 day simple moving average is $43.74.

Hedge Funds Weigh In On China Yuchai International

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Personal CFO Solutions LLC boosted its stake in China Yuchai International by 2.9% in the first quarter. Personal CFO Solutions LLC now owns 10,568 shares of the company’s stock valued at $407,000 after acquiring an additional 293 shares during the period. State of Wyoming boosted its stake in China Yuchai International by 9.8% in the fourth quarter. State of Wyoming now owns 4,956 shares of the company’s stock valued at $176,000 after acquiring an additional 443 shares during the period. Public Employees Retirement System of Ohio boosted its stake in China Yuchai International by 1.7% in the first quarter. Public Employees Retirement System of Ohio now owns 35,186 shares of the company’s stock valued at $1,355,000 after acquiring an additional 603 shares during the period. AdvisorShares Investments LLC boosted its stake in China Yuchai International by 1.7% in the fourth quarter. AdvisorShares Investments LLC now owns 43,852 shares of the company’s stock valued at $1,557,000 after acquiring an additional 752 shares during the period. Finally, Burns Matteson Capital Management LLC boosted its stake in China Yuchai International by 12.0% in the fourth quarter. Burns Matteson Capital Management LLC now owns 10,544 shares of the company’s stock valued at $374,000 after acquiring an additional 1,128 shares during the period.

China Yuchai International Company Profile

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.