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TheStreet Wire

Spansion Stock Hits New 52-Week Low (CODE)

By TheStreet Wire 12/12/11 - 10:01 AM EST

Find out if (CODE) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Spansion Inc (NYSE:CODE) hit a new 52-week low Monday as it is currently trading at $8.22, below its previous 52-week low of $8.24 with 4,733 shares traded as of 9:39 a.m. ET. Average volume has been 407,000 shares over the past 30 days.

Spansion has a market cap of $499.8 million and is part of the technology sector and electronics industry. Shares are down 58.7% year to date as of the close of trading on Friday.

Spansion Inc. engages in the design, development, manufacture, and sale of flash memory semiconductors worldwide.

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TheStreet Ratings rates Spansion as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, disappointing return on equity, weak operating cash flow and poor profit margins. You can view the full Spansion Ratings Report.

See all 52-week low stocks or get investment ideas from our investment research center.

For more information on Spansion Inc click any of the following:

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