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

China Yuchai International Limited (NYSE:CYD)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.55 and traded as high as $12.05. China Yuchai International shares last traded at $12.02, with a volume of 20,725 shares trading hands.

Wall Street Analyst Weigh In

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

China Yuchai International Trading Up 1.9 %

The stock’s 50-day simple moving average is $9.81 and its 200-day simple moving average is $10.57.

Institutional Trading of China Yuchai International

A number of hedge funds and other institutional investors have recently modified their holdings of CYD. Shah Capital Management lifted its holdings in China Yuchai International by 3.0% during the fourth quarter. Shah Capital Management now owns 4,345,471 shares of the company’s stock worth $41,412,000 after buying an additional 128,509 shares during the period. Brandes Investment Partners LP grew its holdings in shares of China Yuchai International by 4.2% during the second quarter. Brandes Investment Partners LP now owns 1,293,521 shares of the company’s stock worth $11,771,000 after purchasing an additional 51,953 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in China Yuchai International by 299.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 13,615 shares of the company’s stock valued at $130,000 after buying an additional 10,207 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in China Yuchai International by 2.2% in 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 purchasing an additional 1,842 shares in the last quarter.

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.