Goldman Drops DSP Group From Recommended List - TheStreet

Shares of

DSP Group

(DSPG) - Get Report

tumbled after

Goldman Sachs

removed the company from its U.S. recommended list and downgraded the stock to a market performer.

Shares of the maker of digital signal processing cores were recently down $7, or 23.5%, to $22.75 in

Nasdaq

trading. The stock has now lost more than half its value since Aug. 24, when it closed at $49.19. The 52-week high is $74.50, and the shares have traded as low as $20.63 this morning.

On Tuesday, the company posted third-quarter earnings of 29 cents a share, beating the

First Call/Thomson Financial

consensus estimate of 25 cents a share.