Shares of Student Transportation Inc. (TSE:STB) (NASDAQ:STB) hit a new 52-week low on Thursday . The company traded as low as C$6.98 and last traded at C$7.10, with a volume of 353,604 shares. The stock had previously closed at C$7.28.

Separately, National Bank Financial cut Student Transportation from an “outperform” rating to a “sector perform” rating in a research report on Thursday, June 1st.

The firm has a market capitalization of $669.29 million and a price-to-earnings ratio of 91.95. The firm has a 50-day moving average of $7.40 and a 200-day moving average of $7.72.

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 15th will be issued a $0.0367 dividend. This represents a $0.44 annualized dividend and a dividend yield of 6.05%. The ex-dividend date is Tuesday, August 29th.

In related news, Director Denis Joseph Gallagher acquired 8,200 shares of the firm’s stock in a transaction dated Friday, June 30th. The stock was bought at an average price of C$6.07 per share, for a total transaction of C$49,774.00. Insiders bought a total of 29,950 shares of company stock valued at $181,362 in the last 90 days.

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About Student Transportation

Student Transportation Inc is a Canada-based company engaged in providing school bus transportation services in North America. The Company provides school bus and management services to public and private schools in North America and offers services, such as contracted services, special needs transportation, charter services, direct to parent and used bus sales.

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