China Yuchai International (NYSE:CYD) Shares Gap Down – What’s Next?

China Yuchai International Limited (NYSE:CYD)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $46.29, but opened at $43.99. China Yuchai International shares last traded at $46.2950, with a volume of 10,121 shares.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Zacks Research raised China Yuchai International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Weiss Ratings lowered shares of China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Finally, Wall Street Zen upgraded shares of China Yuchai International from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $60.00.

China Yuchai International Trading Up 7.8%

The company has a fifty day simple moving average of $49.69 and a 200 day simple moving average of $45.34.

China Yuchai International Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, July 28th. Stockholders of record on Friday, July 17th will be given a dividend of $0.87 per share. This represents a dividend yield of 201.0%. This is a positive change from China Yuchai International’s previous annual dividend of $0.53. The ex-dividend date is Friday, July 17th.

Institutional Trading of China Yuchai International

Institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new position in China Yuchai International during the 2nd quarter worth approximately $48,000. Public Employees Retirement Association of Colorado bought a new stake in shares of China Yuchai International in the 4th quarter valued at $50,000. Advisory Services Network LLC acquired a new stake in shares of China Yuchai International during the third quarter worth $66,000. Deutsche Bank AG acquired a new stake in shares of China Yuchai International during the fourth quarter worth $67,000. Finally, Blue Trust Inc. bought a new position in China Yuchai International during the first quarter worth $69,000.

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.