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 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. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.