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Payment Data Systems (NASDAQ:PYDS) COO Louis A. Hoch unloaded 40,100 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $0.13, for a total value of $5,213.00. Following the completion of the sale, the chief operating officer now directly owns 31,798,271 shares in the company, valued at approximately $4,133,775. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Payment Data Systems (NASDAQ:PYDS) remained flat at $0.133 during during mid-day trading trading on Wednesday. 151,000 shares of the company’s stock traded hands. Payment Data Systems has a 52-week low of $0.04 and a 52-week high of $0.14. The stock has a 50-day moving average of $0.11 and a 200-day moving average of $0.10. The company’s market cap is $18.3 million.

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

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