China Yuchai International (NYSE:CYD) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of China Yuchai International Limited (NYSE:CYD) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $34.19 and traded as high as $43.69. China Yuchai International shares last traded at $42.9050, with a volume of 118,882 shares traded.

Wall Street Analysts Forecast Growth

CYD has been the subject of several research reports. Wall Street Zen raised China Yuchai International from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 16th. Zacks Research cut China Yuchai International from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of China Yuchai International in a research note on Monday, December 22nd. Finally, UBS Group assumed coverage on shares of China Yuchai International in a report on Tuesday, January 6th. They issued a “buy” rating and a $60.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $60.00.

China Yuchai International Trading Down 0.5%

The business’s 50-day moving average price is $36.98 and its two-hundred day moving average price is $34.19.

Institutional Investors Weigh In On China Yuchai International

Several large investors have recently modified their holdings of CYD. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of China Yuchai International during the 3rd quarter valued at about $28,000. Global Retirement Partners LLC acquired a new stake in China Yuchai International during the 3rd quarter worth approximately $42,000. Advisory Services Network LLC acquired a new stake in China Yuchai International during the 3rd quarter worth approximately $66,000. China Universal Asset Management Co. Ltd. bought a new position in China Yuchai International in the third quarter valued at approximately $83,000. Finally, Quantbot Technologies LP acquired a new position in shares of China Yuchai International in the second quarter valued at approximately $48,000.

About China Yuchai International

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.