Payment Data Systems Inc. (PYDS) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the services sector during morning trading on September 23. At the lunch break, shares of PYDS have tacked on 3.21% to $1.9 after closing the day prior at $1.84. In the first two and a half hours of trading, the stock has gone as high as $1.9 and as low as $1.9. Today’s rise has come with about 551 shares changing hands, compared to an average 30-day volume of 65,799 for Payment Data Systems Inc.. The price is currently below the 30-day volume weighted average price of $1.9 for PYDS.
The share appreciation gives the company a market capitalization of $22.22 million based upon 12.08 million shares outstanding. It also means that PYDS has a price-to-book ratio of 2.38:1.
In the past 52 weeks, shares of PYDS have traded as low as $1.005 and as high as $3.31. Technical traders will take note that at $1.9, shares of PYDS are trading above their 200-day MA at $1.78 and above their 50-day MA at $1.58. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is PYDS?
Payment Data Systems Inc is engaged in providing integrated electronic payment processing services to merchants and businesses, including credit and debit card-based processing services and transaction processing via the ACH network. The company’s 22 employees are led by CEO Louis A. Hoch from the corporate headquarters at 12500 San Pedro in San Antonio, TX.
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