China Yuchai International (NYSE:CYD) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

China Yuchai International Limited (NYSE:CYD) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $43.74 and traded as high as $58.68. China Yuchai International shares last traded at $53.4470, with a volume of 197,176 shares changing hands.

Analyst Ratings Changes

Several brokerages recently issued reports on CYD. Wall Street Zen lowered China Yuchai International from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Zacks Research raised China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Finally, Weiss Ratings lowered China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $60.00.

China Yuchai International Trading Down 0.1%

The company has a 50-day moving average of $47.84 and a 200-day moving average of $43.94.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Public Employees Retirement Association of Colorado bought a new position in shares of China Yuchai International in the 4th quarter worth about $50,000. Advisory Services Network LLC bought a new position in shares of China Yuchai International in the 3rd quarter worth about $66,000. Blue Trust Inc. bought a new position in shares of China Yuchai International in the 1st quarter worth about $69,000. Deutsche Bank AG bought a new position in shares of China Yuchai International in the 4th quarter worth about $67,000. Finally, Assetmark Inc. raised its position in shares of China Yuchai International by 12,312.5% in the 4th quarter. Assetmark Inc. now owns 1,986 shares of the company’s stock worth $71,000 after acquiring an additional 1,970 shares in the last quarter.

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.