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

NEW YORK ( TheStreet) -- Encore Capital Group (Nasdaq: ECPG) hit a new 52-week high Thursday as it is currently trading at $31.92, above its previous 52-week high of $31.85 with 90,614 shares traded as of 11:51 a.m. ET. Average volume has been 125,100 shares over the past 30 days.

Encore Capital Group has a market cap of $750 million and is part of the financial sector and financial services industry.

Encore Capital Group, Inc. purchases and manages charged-off consumer receivable portfolios.
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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, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Encore Capital Group Ratings Report.

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