NEW YORK (

TheStreet

) -- Shares of

New York & Company

(NYSE:

NWY

) were gapping down Friday morning with an open price 40.1% lower than Thursday's closing price. The stock closed at $4.21 Thursday and opened today's trading at $2.52.

The average volume for New York has been 212,600 shares per day over the past 30 days. New York has a market cap of $285 million and is part of the

services

sector and

retail

industry. Shares are down 4.8% year to date as of the close of trading on Thursday.

New York & Company, Inc., together with its subsidiaries, operates as a specialty retailer of women's fashion apparel and accessories in the United States.

TheStreet Recommends

TheStreet Ratings rates New York as a

sell

. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and poor profit margins. You can view the full

New York Ratings Report

.

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