NEW YORK ( TheStreet) -- Lakeland Industries (Nasdaq: LAKE) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, weak operating cash flow and poor profit margins. Lakeland Industries, Inc. manufactures and sells safety garments and accessories for the industrial protective clothing market primarily in North America, China, India, and Brazil. The company has a P/E ratio of 43.6, below the average health services industry P/E ratio of 46 and above the S&P 500 P/E ratio of 21.8. Lakeland has a market cap of $45.1 million and is part of the health care sector and health services industry. Shares are down 7.8% year to date as of the close of trading on Monday. You can view the full Lakeland Ratings Report or get investment ideas from our investment research center.