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NEW YORK ( TheStreet) -- Encore Capital Group (Nasdaq: ECPG) hit a new 52-week high Wednesday as it is currently trading at $27.76, above its previous 52-week high of $27.70 with 41,811 shares traded as of 2:55 p.m. ET. Average volume has been 113,500 shares over the past 30 days. Encore Capital Group has a market cap of $645.9 million and is part of the financial sector and financial services industry. Shares are up 17.3% year to date as of the close of trading on Tuesday. Encore Capital Group, Inc. purchases and manages charged-off consumer receivable portfolios. The company has a P/E ratio of 13.8, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 16.7.