NEW YORK ( TheStreet) -- eLong (Nasdaq: LONG) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. eLong, Inc. operates as an online travel service provider in the People's Republic of China. The company has a P/E ratio of 116.2, below the average diversified services industry P/E ratio of 139.4 and above the S&P 500 P/E ratio of 23.3. eLong has a market cap of $330.4 million and is part of the services sector and diversified services industry. Shares are down 33.1% year to date as of the close of trading on Wednesday. You can view the full eLong Ratings Report or get investment ideas from our investment research center.