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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 $31.77, above its previous 52-week high of $30.51 with 67,570 shares traded as of 9:41 a.m. ET. Average volume has been 126,300 shares over the past 30 days. Encore Capital Group has a market cap of $724.4 million and is part of the financial sector and financial services industry. Shares are up 28.4% year to date as of the previous trading day's close. Encore Capital Group, Inc. purchases and manages charged-off consumer receivable portfolios. The company has a P/E ratio of 14.6, above the average financial services industry P/E ratio of 14.5 and below the S&P 500 P/E ratio of 17.7.