Payment Data Systems (NASDAQ:PYDS) Stock Passes Below Fifty Day Moving Average of $2.98

Payment Data Systems, Inc. (NASDAQ:PYDS) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $2.98 and traded as low as $2.80. Payment Data Systems shares last traded at $2.80, with a volume of 16,166 shares traded.

Several brokerages have commented on PYDS. Zacks Investment Research lowered shares of Payment Data Systems from a “hold” rating to a “sell” rating in a report on Thursday, May 23rd. ValuEngine upgraded shares of Payment Data Systems from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Maxim Group restated a “buy” rating and issued a $4.50 price objective on shares of Payment Data Systems in a report on Friday, May 17th. Dawson James restated a “buy” rating on shares of Payment Data Systems in a report on Monday, April 8th. Finally, Barrington Research set a $5.00 price objective on shares of Payment Data Systems and gave the stock a “buy” rating in a report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Payment Data Systems presently has a consensus rating of “Buy” and a consensus price target of $4.08.

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a 50 day moving average price of $2.96. The firm has a market cap of $47.32 million, a P/E ratio of -9.03 and a beta of 1.53.

Payment Data Systems (NASDAQ:PYDS) last issued its quarterly earnings results on Wednesday, May 15th. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.02). The business had revenue of $6.59 million during the quarter, compared to the consensus estimate of $6.63 million. Payment Data Systems had a negative return on equity of 36.84% and a negative net margin of 14.73%. As a group, analysts anticipate that Payment Data Systems, Inc. will post -0.28 EPS for the current fiscal year.

A hedge fund recently bought a new stake in Payment Data Systems stock. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Payment Data Systems, Inc. (NASDAQ:PYDS) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 96,401 shares of the business services provider’s stock, valued at approximately $253,000. Mesirow Financial Investment Management Inc. owned approximately 0.57% of Payment Data Systems as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 4.83% of the company’s stock.

About Payment Data Systems (NASDAQ:PYDS)

Payment Data Systems, Inc, together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company offers various types of automated clearing house (ACH) processing; and credit, prepaid card, and debit card-based processing services.

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