Spansion Stock Gaps Down On Today's Open (CODE)

NEW YORK ( TheStreet) -- Shares of Spansion Inc (NYSE: CODE) were gapping down Friday morning with an open price 21.1% lower than Thursday's closing price. The stock closed at $13.99 Thursday and opened today's trading at $11.04.

The average volume for Spansion has been 419,500 shares per day over the past 30 days. Spansion has a market cap of $834 million and is part of the technology sector and electronics industry. Shares are down 32.6% year to date as of the close of trading on Thursday.

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

TheStreet Ratings rates Spansion as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full Spansion Ratings Report.

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