Payment Data Systems, Inc. (NASDAQ:PYDS)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $2.86 and traded as low as $3.09. Payment Data Systems shares last traded at $3.11, with a volume of 1,598 shares trading hands.
PYDS has been the subject of a number of research reports. ValuEngine raised shares of Payment Data Systems from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Barrington Research reaffirmed a “buy” rating and issued a $5.00 target price on shares of Payment Data Systems in a report on Tuesday, March 26th. Maxim Group reaffirmed a “buy” rating and issued a $4.50 target price on shares of Payment Data Systems in a report on Friday, May 17th. Zacks Investment Research cut shares of Payment Data Systems from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Finally, Dawson James reaffirmed a “buy” rating on shares of Payment Data Systems in a report on Monday, April 8th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Payment Data Systems presently has a consensus rating of “Buy” and an average target price of $4.08.
The company’s fifty day moving average price is $2.86. 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 market capitalization of $55.60 million, a price-to-earnings ratio of -10.03 and a beta of 1.52.
Payment Data Systems (NASDAQ:PYDS) last posted its quarterly earnings results on Wednesday, May 15th. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The firm had revenue of $6.59 million for the quarter, compared to analysts’ expectations 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, equities research analysts forecast that Payment Data Systems, Inc. will post -0.28 EPS for the current year.
A hedge fund recently bought a new stake in Payment Data Systems stock. Mesirow Financial Investment Management Inc. purchased a new position in shares of Payment Data Systems, Inc. (NASDAQ:PYDS) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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 SEC filing. 4.83% of the stock is owned by hedge funds and other institutional investors.
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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