NEW YORK ( TheStreet) -- Shares of MGIC Investment Corporation (NYSE: MTG) were gapping down Friday morning with an open price 14.3% lower than Thursday's closing price. The stock closed at $2.44 Thursday and opened today's trading at $2.09. The average volume for MGIC Investment has been 8.6 million shares per day over the past 30 days. MGIC Investment has a market cap of $498.8 million and is part of the financial sector and insurance industry. Shares are down 76.1% year to date as of the close of trading on Thursday. MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance to the home mortgage lending industry. TheStreet Ratings rates MGIC Investment as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full MGIC Investment 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.