PAYT DATA : Early Loss of 5.34% for Payment Data Systems Inc. (PYDS) on October 11 Drags on Services Sector

Payment Data Systems Inc. (PYDS) started the trading day on a down note, making it one of the worst performing stocks in the services sector of NYSE and NASDAQ listed companies shortly after the opening bell on October 11. Shares ofPYDShave fallen 5.34% about 30 minutes into the session to $2.12 after closing the day prior at $2.24. It's early, but the stock has traded as high as $2.23 and as low as $2.12 so far. Today's quick decline has come with about 9,078 shares changing hands, compared to an average 30-day volume of 122,427 for Payment Data Systems Inc.. The price is currently below the 30-day volume weighted average price of $2.15 forPYDS. The share depreciation gives the company a market capitalization of $27.04 million based upon 12.08 million shares outstanding. It also means that PYDS has a price-to-book ratio of 2.9:1. In the past 52 weeks, shares ofPYDShave traded as low as $1.005 and as high as $3.8. Technical traders will take note that at $2.12, shares ofPYDSare trading above their 200-day MA at $1.79 and above their 50-day MA at $1.78. 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 below them is typically regarded as bearish. 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.For more information on PYDS and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today. All data provided by QuoteMedia, with stock data accurate as of 9:30 AM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information.About FinancialPress.comFinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewedhere. If you like this article, you can read more atFinancialPress.com

Source: Financial Press News (October 11, 2016 - 3:40 PM EDT)

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