NEW YORK ( TheStreet) -- Encore Capital Group (Nasdaq: ECPG) hit a new 52-week high Friday as it traded at $27.14 compared with its previous 52-Week high of $27.12. Encore Capital Group is changing hands at $27.14 with 25,750 shares traded as of 10:40 a.m. ET. Average volume has been 85,300 shares over the past 30 days. Encore Capital Group has a market cap of $631.7 million and is part of the financial sector and financial services industry. Shares are up 12.2% year to date as of the close of trading on Thursday.

Encore Capital Group, Inc. purchases and manages charged-off consumer receivable portfolios. The company has a P/E ratio of 13.4, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 23.4.

TheStreet Ratings rates Encore Capital Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Encore Capital Group Ratings Report.

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