Payment Data Systems, Inc. (NASDAQ:PYDS) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

Shares of Payment Data Systems (NASDAQ:PYDS) traded down 6.49% during trading on Thursday, hitting $1.73. The stock had a trading volume of 111,909 shares. The firm’s 50-day moving average is $1.50 and its 200 day moving average is $1.43. The firm’s market cap is $20.40 million. Payment Data Systems has a 52-week low of $1.17 and a 52-week high of $3.80.

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Payment Data Systems Company Profile

Payment Data Systems, Inc is engaged in the business of processing electronic payments for other companies, including a range of automated clearing house (ACH) processing, credit, prepaid card and debit card-based processing. The Company is an integrated payment solutions provider offering a range of services to merchants, billers, banks, service bureaus, and card issuers.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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