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.

About ELIO MOTORS INC/SH SH

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.

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

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