ELong Stock Soars (LONG)

NEW YORK ( TheStreet) -- Shares of eLong (Nasdaq: LONG) have taken a tremendous swing upward. The stock is trading at $21.77 as of 9:37 a.m. ET, 28.4% above Monday's closing price of $16.96. Volume is at 35,295, 2.5 times the daily average of 14,400.

eLong has a market cap of $356.2 million and is part of the services sector and diversified services industry. Shares are down 24% year to date as of the close of trading on Monday.

eLong, Inc. operates as an online travel service provider in the People's Republic of China. The company has a P/E ratio of 125.3, above the average diversified services industry P/E ratio of 123.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates eLong as a 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 increase in net income. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full eLong Ratings Report.

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