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

China Yuchai International Limited (NYSE:CYD) shares crossed 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 trading hands.

Wall Street Analyst Weigh In

CYD has been the subject of several analyst reports. Weiss Ratings downgraded shares of China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Wall Street Zen downgraded shares of China Yuchai International from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Zacks Research raised shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $60.00.

China Yuchai International Trading Down 5.5%

The company has a 50-day moving average price of $47.42 and a 200-day moving average price of $43.74.

Institutional Investors Weigh In On China Yuchai International

Institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new stake in China Yuchai International in the second quarter worth about $48,000. Public Employees Retirement Association of Colorado acquired a new stake in China Yuchai International in the fourth quarter worth about $50,000. Advisory Services Network LLC acquired a new stake in China Yuchai International in the third quarter worth about $66,000. Deutsche Bank AG acquired a new stake in China Yuchai International in the fourth quarter worth about $67,000. Finally, Blue Trust Inc. acquired a new stake in China Yuchai International in the first quarter worth about $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.