China Yuchai International (NYSE:CYD) Shares Gap Down – Here’s What Happened

China Yuchai International Limited (NYSE:CYDGet Free Report) gapped down prior to trading 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 traded.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Weiss Ratings cut shares of China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Zacks Research upgraded shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. 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 analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $60.00.

Get Our Latest Stock Report on China Yuchai International

China Yuchai International Stock Performance

The company has a 50 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. Investors of record on Friday, July 17th will be paid a $0.87 dividend. This represents a yield of 201.0%. The ex-dividend date of this dividend is Friday, July 17th. This is a positive change from China Yuchai International’s previous annual dividend of $0.53.

Institutional Trading of China Yuchai International

A number of hedge funds and other institutional investors have recently modified their holdings of CYD. Goldman Sachs Group Inc. acquired a new position in shares of China Yuchai International during the first quarter worth $422,000. Jane Street Group LLC acquired a new stake in shares of China Yuchai International during the 1st quarter valued at $1,409,000. JPMorgan Chase & Co. bought a new stake in China Yuchai International during the 2nd quarter worth $1,278,000. Quantbot Technologies LP bought a new stake in China Yuchai International during the 2nd quarter worth $48,000. Finally, Jump Financial LLC acquired a new position in China Yuchai International in the 2nd quarter worth about $891,000.

About China Yuchai International

(Get Free Report)

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.

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