Encore Capital Group (NASDAQ:ECPG) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Encore Capital Group Inc (NASDAQ:ECPG)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $37.55 and traded as high as $45.17. Encore Capital Group shares last traded at $44.56, with a volume of 386,235 shares traded.

Encore Capital Group Stock Performance

The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -11.91 and a beta of 1.52. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 4.43. The stock has a 50-day moving average price of $40.50 and a 200 day moving average price of $37.55.

Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings data on Wednesday, August 6th. The asset manager reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $1.05. Encore Capital Group had a positive return on equity of 19.61% and a negative net margin of 6.07%.The business had revenue of $442.12 million during the quarter, compared to the consensus estimate of $383.42 million. During the same period in the previous year, the company posted $1.34 earnings per share. The business’s revenue for the quarter was up 24.4% on a year-over-year basis. On average, analysts forecast that Encore Capital Group Inc will post 5.09 EPS for the current year.

Institutional Investors Weigh In On Encore Capital Group

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its stake in Encore Capital Group by 13.9% during the fourth quarter. Bank of America Corp DE now owns 67,268 shares of the asset manager’s stock worth $3,213,000 after purchasing an additional 8,213 shares during the last quarter. Illinois Municipal Retirement Fund lifted its stake in Encore Capital Group by 10.7% during the first quarter. Illinois Municipal Retirement Fund now owns 14,056 shares of the asset manager’s stock worth $482,000 after purchasing an additional 1,358 shares during the last quarter. Man Group plc purchased a new stake in Encore Capital Group during the fourth quarter worth approximately $405,000. Deutsche Bank AG lifted its stake in Encore Capital Group by 44.4% in the fourth quarter. Deutsche Bank AG now owns 21,535 shares of the asset manager’s stock valued at $1,029,000 after buying an additional 6,619 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Encore Capital Group by 2,834.0% in the first quarter. GAMMA Investing LLC now owns 6,308 shares of the asset manager’s stock valued at $216,000 after buying an additional 6,093 shares during the last quarter.

Encore Capital Group Company Profile

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.