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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.