China Yuchai International (NYSE:CYD) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

China Yuchai International Limited (NYSE:CYD)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.84 and traded as high as $23.22. China Yuchai International shares last traded at $18.94, with a volume of 1,531,180 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com downgraded China Yuchai International from a “buy” rating to a “hold” rating in a report on Friday, February 14th.

China Yuchai International Stock Up 5.3 %

The company has a fifty day moving average of $11.03 and a 200-day moving average of $10.97.

Institutional Investors Weigh In On China Yuchai International

Several institutional investors and hedge funds have recently modified their holdings of the company. Shah Capital Management raised its holdings in shares of China Yuchai International by 3.0% in the 4th quarter. Shah Capital Management now owns 4,345,471 shares of the company’s stock valued at $41,412,000 after buying an additional 128,509 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings 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. Millennium Management LLC increased its holdings 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. Verity Asset Management Inc. increased its holdings 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, Nomura Holdings Inc. purchased a new stake in China Yuchai International during the 4th quarter worth about $191,000.

China Yuchai International Company Profile

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.