China Yuchai International (NYSE:CYD) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

China Yuchai International Limited (NYSE:CYD)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $34.19 and traded as high as $43.69. China Yuchai International shares last traded at $42.9050, with a volume of 118,882 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CYD. Zacks Research lowered shares of China Yuchai International from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. UBS Group started coverage on China Yuchai International in a research report on Tuesday, January 6th. They set a “buy” rating and a $60.00 price objective for the company. Wall Street Zen raised China Yuchai International from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 16th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of China Yuchai International in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, China Yuchai International currently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

China Yuchai International Trading Down 0.5%

The firm has a fifty day moving average of $36.98 and a 200-day moving average of $34.19.

Institutional Investors Weigh In On China Yuchai International

Large investors have recently made changes to their positions in the stock. UBS Group AG increased its holdings in China Yuchai International by 752.8% during the third quarter. UBS Group AG now owns 849,464 shares of the company’s stock worth $35,142,000 after buying an additional 749,861 shares during the last quarter. Millennium Management LLC grew 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 valued at $29,796,000 after acquiring an additional 440,278 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of China Yuchai International by 73.0% during 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. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of China Yuchai International in the 2nd quarter valued at about $4,759,000. Finally, Lighthouse Investment Partners LLC bought a new stake in shares of China Yuchai International in the 2nd quarter valued at about $4,307,000.

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.