Spansion Stock Hits New 52-Week Low (CODE)

NEW YORK ( TheStreet) -- Spansion Inc (NYSE: CODE) hit a new 52-week low Tuesday as it is currently trading at $8.59, below its previous 52-week low of $8.66 with 39,663 shares traded as of 11:21 a.m. ET. Average volume has been 422,900 shares over the past 30 days.

Spansion has a market cap of $518.2 million and is part of the technology sector and electronics industry. Shares are down 57.5% year to date as of the close of trading on Monday.

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 generally disappointing historical performance in the stock itself and disappointing return on equity. You can view the full Spansion Ratings Report.

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