Encore Capital Group (ECPG, Financial) witnessed a significant stock movement with a rapid increase of 5.06%. The stock is currently priced at $47.64, with a trading volume of 51,420 shares, indicating a turnover rate of 0.22% and a price fluctuation amplitude of 4.64%.
Recent financial reports reveal that Encore Capital achieved a revenue of $352 million and a net profit of $32.18 million, translating to earnings per share (EPS) of $1.35. The stock's price-to-earnings (P/E) ratio stands at -5.74, as gross margin data is currently unavailable.
In terms of analyst ratings, five major institutions have evaluated the stock, where 80% recommended a buy rating while 20% suggested holding the stock. No institutions recommended selling.
Within the banking sector, where Encore Capital operates, the overall stock rise was 0.51%. Other significant performers in this sector included Homestreet, Inc., Linkbancorp, Inc., with noticeable trading activity from William Penn Bancorporation, Grupo Supervielle S.A., and Fb Bancorp, Inc. Stocks with high price fluctuations include Maestros Bank, Shf Holdings, Inc., and Esquire Financial Holdings, Inc.
Encore Capital Group is an international financial company providing debt recovery solutions for various financial assets to consumers and property owners. It purchases portfolios of overdue consumer receivables at a substantial discount and collaborates with individuals during their debt repayment and financial recovery process. The company operates primarily in portfolio purchase and recovery.
