Encore Capital Group, Inc., a specialty finance company, provides debt recovery solutions and other related services for consumers across financial assets worldwide. The company purchases portfolios of defaulted consumer receivables at deep discounts to face value, as well as manages them by working with individuals as they repay their obligations and works toward financial recovery. It is also involved in the provision of early stage collection, business process outsourcing, and contingent collection services, as well as debt servicing and other portfolio management services to credit originator for non-performing loans. The company was incorporated in 1999 and is headquartered in San Diego, California.
Encore Capital Group Stock Performance
Shares of NASDAQ:ECPG traded down $0.27 during trading hours on Tuesday, hitting $56.10. 1,609 shares of the stock were exchanged, compared to its average volume of 516,465. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.77 and a quick ratio of 0.77. The company's 50 day moving average is $61.23 and its 200 day moving average is $62.23. The firm has a market capitalization of $1.34 billion, a P/E ratio of 4.06 and a beta of 1.33. Encore Capital Group has a one year low of $46.10 and a one year high of $72.73.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of Encore Capital Group from a "buy" rating to a "hold" rating in a report on Friday, August 5th.
Insider Activity at Encore Capital Group
In related news, Director Laura Olle sold 889 shares of the company's stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $57.42, for a total transaction of $51,046.38. Following the completion of the transaction, the director now directly owns 27,962 shares in the company, valued at approximately $1,605,578.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.62% of the company's stock.