China Yuchai International (NYSE:CYD) Shares Pass Above 200-Day Moving Average – What’s Next?

China Yuchai International Limited (NYSE:CYD)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of China Yuchai International from a “buy” rating to a “hold” rating in a research note on Friday, February 14th.

China Yuchai International Stock Performance

The stock’s 50-day moving average price is $10.62 and its 200-day moving average price is $10.84.

Institutional Trading of China Yuchai International

A number of institutional investors have recently bought and sold shares of CYD. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of 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 buying an additional 1,842 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in China Yuchai International by 299.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 13,615 shares of the company’s stock valued at $130,000 after acquiring an additional 10,207 shares in the last quarter. Shah Capital Management raised its position 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 acquiring an additional 128,509 shares during the last quarter. Verity Asset Management Inc. raised its position in China Yuchai International by 19.5% during the fourth quarter. Verity Asset Management Inc. now owns 24,648 shares of the company’s stock worth $235,000 after acquiring an additional 4,029 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of China Yuchai International by 42.2% in the fourth quarter. Millennium Management LLC now owns 47,263 shares of the company’s stock valued at $450,000 after purchasing an additional 14,030 shares in the last quarter.

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.