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

China Yuchai International Limited (NYSE:CYD) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.88 and traded as high as $12.34. China Yuchai International shares last traded at $12.16, with a volume of 10,118 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on China Yuchai International in a research note on Friday, August 16th. They issued a “strong-buy” rating for the company.

China Yuchai International Trading Up 1.2 %

The stock’s 50-day moving average price is $11.81 and its 200-day moving average price is $9.90. The stock has a market cap of $3.30 million, a price-to-earnings ratio of 8.63 and a beta of 1.06.

China Yuchai International Increases Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, August 28th. Shareholders of record on Monday, August 19th were given a dividend of $0.38 per share. The ex-dividend date was Monday, August 19th. This represents a yield of 4.1%. This is a boost from China Yuchai International’s previous annual dividend of $0.28. China Yuchai International’s dividend payout ratio is 26.95%.

Institutional Trading of China Yuchai International

Large investors have recently bought and sold shares of the business. Brandes Investment Partners LP boosted its position in shares of China Yuchai International by 4.2% during the 2nd quarter. Brandes Investment Partners LP now owns 1,293,521 shares of the company’s stock valued at $11,771,000 after purchasing an additional 51,953 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of China Yuchai International during the 3rd quarter worth approximately $43,000. Shah Capital Management grew its position in shares of China Yuchai International by 0.7% during the 2nd quarter. Shah Capital Management now owns 4,221,152 shares of the company’s stock worth $38,412,000 after buying an additional 28,380 shares during the period. Finally, Verity Asset Management Inc. bought a new stake in shares of China Yuchai International in the 1st quarter valued at $175,000.

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.