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Payment Data Systems (NASDAQ:PYDS) COO Louis A. Hoch unloaded 60,000 shares of Payment Data Systems stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $0.12, for a total value of $7,200.00. Following the completion of the transaction, the chief operating officer now directly owns 32,054,507 shares in the company, valued at approximately $3,846,541. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Payment Data Systems (NASDAQ:PYDS) traded up 4.26% on Wednesday, hitting $0.12. 323,278 shares of the company’s stock traded hands. Payment Data Systems has a 1-year low of $0.03 and a 1-year high of $0.13. The stock has a 50-day moving average of $0.10 and a 200-day moving average of $0.1. 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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