NEW YORK ( TheStreet) -- Encore Capital Group (Nasdaq: ECPG) is trading at unusually high volume Tuesday with 669,764 shares changing hands. It is currently at 5.3 times its average daily volume and trading up 97 cents (+3%) at $33.09 as of four p.m. ET. Encore Capital Group has a market cap of $776.6 million and is part of the financial sector and financial services industry. Shares are up 37% year to date as of the close of trading on Friday. Encore Capital Group, Inc. purchases and manages charged-off consumer receivable portfolios. The company has a P/E ratio of 15.7, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. 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. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.