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 ECPG Stock traded up $1.22 on Friday, reaching $55.77. The stock had a trading volume of 346,497 shares, compared to its average volume of 525,686. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.27. The firm's 50-day moving average is $61.31 and its two-hundred day moving average is $62.31. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 4.02 and a beta of 1.33. Encore Capital Group has a 12 month low of $46.10 and a 12 month high of $72.73.
Wall Street Analyst Weigh In
Separately, StockNews.com cut shares of Encore Capital Group from a "buy" rating to a "hold" rating in a research report on Friday, August 5th.
Insider Activity
In other news, Director Laura Olle sold 889 shares of the company's stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $57.42, for a total value of $51,046.38. Following the sale, the director now directly owns 27,962 shares of the company's stock, valued at approximately $1,605,578.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.62% of the stock is owned by insiders.