StockNews.com started coverage on shares of China Yuchai International (NYSE:CYD – Free Report) in a report released on Friday. The firm issued a strong-buy rating on the stock.
China Yuchai International Stock Down 2.2 %
CYD stock traded down $0.25 during trading hours on Friday, reaching $11.18. 36,193 shares of the stock were exchanged, compared to its average volume of 21,897. The company has a market cap of $3.02 million, a price-to-earnings ratio of 8.57 and a beta of 1.05. The firm’s 50-day moving average is $9.41 and its 200-day moving average is $8.82. China Yuchai International has a 12 month low of $7.83 and a 12 month high of $11.70. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.59 and a quick ratio of 1.20.
China Yuchai International Increases Dividend
The firm also recently declared an annual dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Monday, August 19th will be paid a dividend of $0.38 per share. This is a boost from China Yuchai International’s previous annual dividend of $0.28. This represents a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, August 19th. China Yuchai International’s dividend payout ratio (DPR) is currently 21.37%.
Institutional Inflows and Outflows
About China Yuchai International
China Yuchai International Limited, through its subsidiaries, manufactures, assembles, and sells diesel and natural gas engines for trucks, buses and passenger vehicles, marine, industrial, construction, agriculture, and generator set applications in the People's Republic of China and internationally.
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