China Yuchai International (NYSE:CYD) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of China Yuchai International Limited (NYSE:CYD) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.29 and traded as high as $37.65. China Yuchai International shares last traded at $36.30, with a volume of 165,151 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently commented on CYD. Wall Street Zen upgraded China Yuchai International from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 16th. Zacks Research downgraded China Yuchai International from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of China Yuchai International in a report on Monday. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

China Yuchai International Stock Down 0.1%

The company has a 50 day moving average of $36.17 and a 200-day moving average of $31.42.

Hedge Funds Weigh In On China Yuchai International

Several institutional investors and hedge funds have recently modified their holdings of the business. Tudor Investment Corp ET AL raised its stake in China Yuchai International by 545.9% in the 3rd quarter. Tudor Investment Corp ET AL now owns 154,425 shares of the company’s stock worth $6,389,000 after purchasing an additional 130,515 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of China Yuchai International during the third quarter worth approximately $66,000. Dorsey Wright & Associates acquired a new stake in shares of China Yuchai International in the third quarter valued at approximately $2,465,000. Verition Fund Management LLC bought a new stake in shares of China Yuchai International in the third quarter valued at approximately $1,226,000. Finally, Polymer Capital Management HK LTD acquired a new stake in China Yuchai International during the third quarter worth approximately $297,000.

China Yuchai International Company Profile

China Yuchai International Ltd. (NYSE: CYD) is a Cayman Islands–incorporated holding company with principal executive offices in Singapore. Through its subsidiaries, the company is a leading manufacturer and distributor of diesel engines in the People’s Republic of China. Its principal operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL), has been producing diesel engines since 1951 and ranks among the country’s largest heavy-duty engine makers.

The company’s core product portfolio includes high-speed and medium-speed diesel engines for on-highway trucks and buses, off-road vehicles such as construction and agricultural machinery, marine propulsion systems, and power generator sets.