China Yuchai International (NYSE:CYD) Stock Passes Above 200-Day Moving Average – Should You Sell?

Shares of China Yuchai International Limited (NYSE:CYD) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.31 and traded as high as $22.44. China Yuchai International shares last traded at $21.20, with a volume of 523,313 shares.

Wall Street Analysts Forecast Growth

CYD has been the topic of a number of recent analyst reports. StockNews.com downgraded China Yuchai International from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Greenridge Global downgraded China Yuchai International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 26th.

China Yuchai International Trading Up 0.2 %

The firm has a 50-day moving average of $15.33 and a 200-day moving average of $12.36. The stock has a market capitalization of $5.17 million, a price-to-earnings ratio of 11.83 and a beta of 0.91.

Hedge Funds Weigh In On China Yuchai International

Hedge funds have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. grew its position in China Yuchai International by 2.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,891 shares of the company’s stock worth $1,102,000 after purchasing an additional 1,842 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in China Yuchai International by 299.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 13,615 shares of the company’s stock worth $130,000 after purchasing an additional 10,207 shares during the period. Shah Capital Management grew its position in China Yuchai International by 3.0% during the 4th quarter. Shah Capital Management now owns 4,345,471 shares of the company’s stock worth $41,412,000 after purchasing an additional 128,509 shares during the period. Verity Asset Management Inc. grew its position in China Yuchai International by 19.5% during the 4th quarter. Verity Asset Management Inc. now owns 24,648 shares of the company’s stock worth $235,000 after purchasing an additional 4,029 shares during the period. Finally, Millennium Management LLC grew its position in China Yuchai International by 42.2% during the 4th quarter. Millennium Management LLC now owns 47,263 shares of the company’s stock worth $450,000 after purchasing an additional 14,030 shares during the period.

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.