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

China Yuchai International Limited (NYSE:CYD) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $42.87 and traded as high as $58.25. China Yuchai International shares last traded at $57.6420, with a volume of 206,876 shares traded.

Analyst Ratings Changes

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

China Yuchai International Price Performance

The company has a 50 day moving average price of $45.32 and a 200 day moving average price of $42.87.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS Group AG boosted its position in shares of China Yuchai International by 752.8% in the 3rd quarter. UBS Group AG now owns 849,464 shares of the company’s stock worth $35,142,000 after purchasing an additional 749,861 shares during the last quarter. Millennium Management LLC boosted its position in shares of China Yuchai International by 157.3% in the 3rd quarter. Millennium Management LLC now owns 720,231 shares of the company’s stock worth $29,796,000 after purchasing an additional 440,278 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of China Yuchai International by 23.4% in the 1st quarter. Renaissance Technologies LLC now owns 343,603 shares of the company’s stock worth $13,229,000 after purchasing an additional 65,109 shares during the last quarter. Matthews International Capital Management LLC boosted its position in shares of China Yuchai International by 423.7% in the 1st quarter. Matthews International Capital Management LLC now owns 324,034 shares of the company’s stock worth $12,475,000 after purchasing an additional 262,165 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of China Yuchai International by 73.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 235,141 shares of the company’s stock worth $9,728,000 after purchasing an additional 99,260 shares during the last quarter.

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.