Encore Capital Group Stock Hits New 52-Week High (ECPG)

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.
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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, compelling growth in net income and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Encore Capital Group Ratings Report.

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