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

Shares of China Yuchai International Limited (NYSE:CYD) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.36 and traded as high as $11.98. China Yuchai International shares last traded at $11.07, with a volume of 131,123 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com cut China Yuchai International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 12th.

China Yuchai International Stock Down 3.0 %

The company has a market capitalization of $2.99 million, a PE ratio of 8.58 and a beta of 1.02. The firm’s 50 day simple moving average is $10.00 and its 200 day simple moving average is $10.38.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. boosted 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 valued at $1,102,000 after acquiring an additional 1,842 shares during the period. Brandes Investment Partners LP raised its position in 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. purchased a new stake in China Yuchai International in the third quarter worth about $43,000. Finally, Shah Capital Management lifted its position in shares of China Yuchai International by 0.7% in the 2nd quarter. Shah Capital Management now owns 4,221,152 shares of the company’s stock worth $38,412,000 after purchasing an additional 28,380 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.