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

China Yuchai International Limited (NYSE:CYD) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $40.90 and traded as high as $44.10. China Yuchai International shares last traded at $43.9890, with a volume of 315,035 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CYD shares. Zacks Research lowered shares of China Yuchai International from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Wall Street Zen lowered shares of China Yuchai International from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 28th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, China Yuchai International has an average rating of “Moderate Buy” and an average target price of $60.00.

China Yuchai International Trading Up 5.7%

The stock’s fifty day moving average price is $41.74 and its 200-day moving average price is $40.90.

Institutional Investors Weigh In On China Yuchai International

A number of large investors have recently modified their holdings of the business. Tudor Investment Corp ET AL boosted its position in shares of China Yuchai International by 545.9% during the 3rd quarter. Tudor Investment Corp ET AL now owns 154,425 shares of the company’s stock valued at $6,389,000 after acquiring an additional 130,515 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of China Yuchai International during the 3rd quarter valued at about $724,000. AdvisorShares Investments LLC acquired a new position in shares of China Yuchai International during the 3rd quarter valued at about $1,783,000. Diversify Wealth Management LLC acquired a new position in shares of China Yuchai International during the 3rd quarter valued at about $2,073,000. Finally, Dorsey Wright & Associates acquired a new position in shares of China Yuchai International during the 3rd quarter valued at about $2,465,000.

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.