Jim Cramer Recommended Selling These 5 Stocks

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This article presents an overview of the Jim Cramer Recommended Selling These 5 Stocks. For a detailed overview of such stocks, read our article, Jim Cramer Recommended Selling These 12 Stocks.

5. Coherent Corp (NASDAQ:COHR)

Number of Hedge Fund Investors: 34

Optical materials company Coherent Corp (NASDAQ:COHR) was one of the stocks Jim Cramer was recommending to sell last year. Cramer acknowledged that Coherent Corp (NASDAQ:COHR) had strong product but said Coherent was a sell because it was not making money.

Over the past six months Coherent Corp (NASDAQ:COHR) shares have lost about 19% in value.

In November Coherent Corp (NASDAQ:COHR) posted fiscal first quarter results. Adjusted EPS in the quarter came in at $0.16, beating estimates by $0.04. Revenue in the quarter fell 22.2% year over year to $1.05 billion, meeting estimates.

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