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Payment Data Systems (NASDAQ:PYDS) COO Louis A. Hoch unloaded 40,100 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $0.13, for a total value of $5,213.00. Following the transaction, the chief operating officer now directly owns 31,798,271 shares of the company’s stock, valued at approximately $4,133,775. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Payment Data Systems (NASDAQ:PYDS) opened at 0.133 on Friday. Payment Data Systems has a one year low of $0.04 and a one year high of $0.14. The stock’s 50-day moving average is $0.11 and its 200-day moving average is $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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