ELIO MOTORS INC/SH SH (ELIO) Cut to Hold at ValuEngine

ValuEngine downgraded shares of ELIO MOTORS INC/SH SH (OTCMKTS:ELIO) from a buy rating to a hold rating in a research report sent to investors on Monday, February 4th.

Shares of OTCMKTS ELIO traded down $0.10 during mid-day trading on Monday, hitting $2.31. The company had a trading volume of 1,405 shares, compared to its average volume of 1,639. ELIO MOTORS INC/SH SH has a 12 month low of $2.22 and a 12 month high of $5.15.


Elio Motors, Inc, a development stage company, designs, develops, manufactures, and sells automobiles. The company focuses on developing the Elio, a three wheeled vehicle for mass production in the United States, which gives 84 miles per gallon. Elio Motors, Inc was founded in 2009 and is based in Phoenix, Arizona.

Featured Story: What is the Stochastic Momentum Index (SMI)?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for ELIO MOTORS INC/SH SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ELIO MOTORS INC/SH SH and related companies with MarketBeat.com's FREE daily email newsletter.