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Payment Data Systems (NASDAQ:PYDS) COO Louis A. Hoch unloaded 30,000 shares of the stock on the open market in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $0.11, for a total transaction of $3,300.00. Following the completion of the transaction, the chief operating officer now directly owns 32,154,707 shares in the company, valued at approximately $3,537,018. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Payment Data Systems (NASDAQ:PYDS) remained flat at $0.112 during during mid-day trading trading on Wednesday. 6,925 shares of the company’s stock traded hands. Payment Data Systems has a 52-week low of $0.03 and a 52-week high of $0.13. The stock’s 50-day moving average is $0.10 and its 200-day moving average is $0.10. The company’s market cap is $15.4 million.

Payment Data Systems, Inc primarily operates as a processor of electronic payments for other companies.

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