Spansion Inc Class A Stock Hits New 52-Week Low (CODE)

NEW YORK ( TheStreet) -- Spansion Inc Class A (NYSE: CODE) hit a new 52-week low Wednesday as it is currently trading at $7.22, below its previous 52-week low of $7.23 with 115,617 shares traded as of 11:10 a.m. ET. Average volume has been 391,100 shares over the past 30 days.

Spansion Inc Class A has a market cap of $452.1 million and is part of the technology sector and electronics industry. Shares are down 63.3% year to date as of the close of trading on Tuesday.

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

TheStreet Ratings rates Spansion Inc Class A 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 Inc Class A Ratings Report.

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