NEW YORK ( TheStreet) -- Encore Capital Group (Nasdaq: ECPG) is trading at unusually high volume Monday with 540,095 shares changing hands. It is currently at four times its average daily volume and trading up $1.59 (+6%) at $28.12 as of 1:15 p.m. ET.

Encore Capital Group has a market cap of $753.9 million and is part of the financial sector and financial services industry. Shares are up 13.1% year to date as of the close of trading on Friday.

Encore Capital Group, Inc., through its subsidiaries, engages in consumer debt buying and recovery business. The company has a P/E ratio of 15.2, above the average financial services industry P/E ratio of 15.1 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.

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