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Payment Data Systems (NASDAQ:PYDS) COO Louis A. Hoch sold 40,200 shares of the company’s stock on the open market in a transaction dated Friday, August 8th. The stock was sold at an average price of $0.14, for a total transaction of $5,628.00. Following the completion of the transaction, the chief operating officer now directly owns 32,114,507 shares of the company’s stock, valued at approximately $4,496,031. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Payment Data Systems (NASDAQ:PYDS) opened at 0.1151 on Wednesday. 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 $15.8 million.

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

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