NEW YORK ( TheStreet) -- Portfolio Recovery Associates (Nasdaq: PRAA) is trading at unusually high volume Friday with 470,172 shares changing hands. It is currently at 4.1 times its average daily volume and trading up $1.40 (+2.4%) at $59.57 as of four p.m. ET. Portfolio Recovery Associates has a market cap of $1 billion and is part of the services sector and diversified services industry. Shares are down 22.6% year to date as of the close of trading on Thursday. Portfolio Recovery Associates, Inc. provides outsourced receivables management and related services in the United States. The company engages in the purchase, collection, and management of portfolios of defaulted consumer receivables. The company has a P/E ratio of 11.6, equal to the average diversified services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Portfolio Recovery Associates as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Portfolio Recovery Associates 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.