Encore Capital Group Inc (ECPG): The stock had negative money flow to the tune of ($2.18 million) on Monday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $0.42 million, whereas, the outflow of money on downticks was $2.6 million and the ratio between the two was 0.16. The block trade had a negative net money flow of ($2.08 million). On the other hand, downticks amounted to $2.08 million of the traded value, which shows distribution in the stock by traders. Encore Capital Group Inc (ECPG) closed with marginal gains of 21 cents to end the day at $20.8, an increase of 1.02% over the previous days close. The stock recorded 1.36% for the week.
Shares of Encore Capital Group, Inc. appreciated by 0.19% during the last five trading days but lost 15.1% on a 4-week basis. Encore Capital Group, Inc. has dropped 19.42% during the last 3-month period . Year-to-Date the stock performance stands at -27.1%.
Encore Capital Group Inc (NASDAQ:ECPG): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.60 and $20.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.20, notching a gain of 2.96% for the day. The total traded volume was 282,663 . The stock had closed at $20.59 on the previous day.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Encore Capital Group Inc, Sorensen Norman R had purchased shares worth of $53,160 in a transaction dated on March 4, 2016. A total of 2,000 shares were purchased at a price of $26.58 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Encore Capital Group, Inc. is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company conducts business through two segments: portfolio purchasing and recovery, and tax lien business. The Companys portfolio purchasing and recovery segment purchases portfolios of defaulted consumer receivables at discounts and manages them by partnering with individuals as they repay their obligations and work toward financial recovery. Defaulted receivables are consumers unpaid financial commitments to credit originators, including banks, credit unions, consumer finance companies, commercial retailers and telecommunication companies. Defaulted receivables also include receivables subject to bankruptcy proceedings. It operates tax lien business segment through its subsidiary, Propel Financial Services, LLC, which acquires and services residential and commercial tax liens on real property.