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Payment Data Systems (NASDAQ:PYDS) COO Louis A. Hoch sold 40,200 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $0.14, for a total value of $5,628.00. Following the completion of the sale, the chief operating officer now directly owns 32,114,507 shares of the company’s stock, valued at approximately $4,496,031. The sale was disclosed in a filing with the SEC, which is available at this link.

Payment Data Systems (NASDAQ:PYDS) opened at 0.12 on Tuesday. Payment Data Systems has a one year low of $0.03 and a one year 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 $16.5 million.

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

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