China Yuchai International Limited (NYSE:CYD – Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.17 and traded as high as $12.30. China Yuchai International shares last traded at $11.97, with a volume of 30,384 shares traded.
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on shares of China Yuchai International in a research report on Friday, August 16th. They set a “strong-buy” rating on the stock.
Read Our Latest Analysis on CYD
China Yuchai International Trading Down 0.3 %
China Yuchai International Increases Dividend
The business also recently disclosed an annual dividend, which was paid on Wednesday, August 28th. Investors of record on Monday, August 19th were paid a $0.38 dividend. This is an increase from China Yuchai International’s previous annual dividend of $0.28. The ex-dividend date was Monday, August 19th. This represents a yield of 4.1%.
Hedge Funds Weigh In On China Yuchai International
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brandes Investment Partners LP lifted its stake in China Yuchai International by 4.2% in 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 during the last quarter. Shah Capital Management lifted its stake in China Yuchai International by 0.7% in the 2nd quarter. Shah Capital Management now owns 4,221,152 shares of the company’s stock valued at $38,412,000 after purchasing an additional 28,380 shares during the last quarter. Finally, Verity Asset Management Inc. bought a new position in China Yuchai International in the 1st quarter valued at approximately $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.
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