Encore Capital Group Rises On Unusually High Volume (ECPG)

NEW YORK ( TheStreet) -- Encore Capital Group (Nasdaq: ECPG) is trading at unusually high volume Thursday with 487,426 shares changing hands. It is currently at 4.5 times its average daily volume and trading up $1.14 (+4.4%) at $27.18 as of 3:39 p.m. ET.

Encore Capital Group has a market cap of $613.8 million and is part of the financial sector and financial services industry. Shares are up 16.9% year to date as of the close of trading on Wednesday.

Encore Capital Group, Inc., through its subsidiaries, engages in consumer debt buying and recovery business primarily in the United States. The company has a P/E ratio of 10.9, 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, attractive valuation levels, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Encore Capital Group Ratings Report.

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